How Oracle pushed stocks of Nvidia, Dell, TSMC and 4 other AI companies to new highs
Oracle's optimistic cloud infrastructure forecast triggered a tech sector rally, briefly making Larry Ellison the world's richest person. The surge, fueled by strong AI infrastructure demand, boosted Nvidia, TSMC, and others. Oracle shares jumped 36%, while Broadcom surged 10%. Even competitor CoreWeave saw a 17% increase, reflecting market enthusiasm for AI compute.
Oracle's optimistic cloud infrastructure forecast triggered a tech sector rally, briefly making Larry Ellison the world's richest person. The surge, fueled by strong AI infrastructure demand, boosted Nvidia, TSMC, and others. Oracle shares jumped 36%, while Broadcom surged 10%. Even competitor CoreWeave saw a 17% increase, reflecting market enthusiasm for AI compute.
