Oracle stock plunges 12% on AI jitters — shrinking Larry Ellison's net worth by $34B
甲骨文甲骨文(US:ORCL) New York Post·2025-12-12 03:32

Oracle’s stock fell more than 12% on Thursday on growing fears about the software giant’s massive AI spending — shaving more than 30billionoffco−founderLarryEllison’sfortune.TheTexas−basedtechcompany’sstocktumbledto30 billion off co-founder Larry Ellison’s fortune.The Texas-based tech company’s stock tumbled to 194 a share from around 223ashareatthestartoftrading—wipingout223 a share at the start of trading — wiping out 90 billion in market capitalization.Accordingly, Ellison’s net worth dipped on Thursday to 244billion—sharplylowerthanthe244 billion — sharply lower than the 276 billion he was worth a day earlier, according to Forbes. 3 Larry Elliso ...