{"id":220795,"date":"2026-03-06T12:08:00","date_gmt":"2026-03-06T17:08:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/03\/06\/oracles-sudden-ai-stardom-is-giving-1999-energy\/"},"modified":"2026-03-06T20:05:10","modified_gmt":"2026-03-07T01:05:10","slug":"oracles-sudden-ai-stardom-is-giving-1999-energy","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/03\/06\/oracles-sudden-ai-stardom-is-giving-1999-energy\/","title":{"rendered":"Oracle\u2019s sudden AI stardom is giving 1999 energy"},"content":{"rendered":"

Oracle\u2019s sudden AI stardom is giving 1999 energy<\/a><\/p>\n

https:\/\/www.aol.com\/articles\/oracle-sudden-ai-stardom-giving-090005972.html<\/a><\/p>\n

Publish Date: 2026-03-06 12:08:00<\/a><\/p>\n

Source Domain: www.aol.com<\/a><\/p>\n

Oracle’s future is now tightly linked to that of ChatGPT owner OpenAI. – Justin Sullivan\/Getty Images<\/p>\n

A version of this story appeared in CNN Business\u2019 Nightcap newsletter. To get it in your inbox, sign up for free here.<\/p>\n

Oracle, a large but generally sleepy cloud-computing company, just had an absolutely bonkers day on Wall Street.<\/p>\n

The stock (ORCL) shot up more than 40% Wednesday morning, its largest single-day jump ever. It was such big leap that it minted Oracle co-founder Larry Ellison $100 billion in less than hour, making him the world\u2019s richest person and bumping Elon Musk to second place.<\/p>\n

The catalyst wasn\u2019t a flashy product rollout or a surprise earnings beat \u2014 in fact, Oracle\u2019s quarterly revenue and profit came in below Wall Street\u2019s expectations Tuesday evening.<\/p>\n

Instead, the fire came from Oracle\u2019s outlook for the next few years, which, if it pans out, would cement the company as a power player in artificial intelligence. That\u2019s a big \u201cif,\u201d though \u2014 especially given that the bulk of Oracle\u2019s rosy outlook hinges on revenue from one major customer, the unprofitable OpenAI, according to the Wall Street Journal.<\/p>\n

Oracle\u2019s outlook is \u201cso exuberant that if we\u2019d gotten this sort of prediction from a less established company it might have been shrugged off as either a lie or a misplaced digit,\u201d Steve Sosnick, chief strategist at Interactive Brokers, told me.<\/p>\n

Here are the key things powering Oracle\u2019s stock at a clip it hasn\u2019t experienced since the late-90s dot-com-bubble era, when it rose nearly 600% in the span of a year before falling back to earth by 2002:<\/p>\n