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Hyunsoo Rim9/11/25

Oracle’s rally briefly made cofounder Larry Ellison the world’s richest person, ahead of Elon Musk

Oracle pulled off one of the biggest rallies in its stock market history, as shares soared 36% on Wednesday after the company laid out a cloud business growth forecast that left analysts “blown away.”

What also went vertical, alongside the stock, was cofounder Larry Ellison’s fortune.

According to the Bloomberg Billionaires Index, Ellison’s net worth jumped by a record $89 billion to $383 billion, the biggest single-day gain ever, briefly overtaking Elon Musk’s fortune and making him, for a moment, the world’s richest person. Musk reclaimed the top spot by the end of Wednesday.

Yesterday’s remarkable gain means that Larry Ellison has now seen his estimated wealth increase by $191 billion year to date. That’s the equivalent of making $752 million a day, more than $522 thousand a minute, or $8,703 per second.

On Tuesday’s earnings call, Oracle projected its cloud revenue would climb 77% this year to $18 billion, then to a whopping $144 billion by fiscal 2030 — more than 14x last year’s haul.

Musk has held the No. 1 spot for much of the year, Bloomberg reports, though Tesla’s shares are down 7.7% year to date amid mounting EV competition and Musk’s political controversies. Just last week, Tesla’s board proposed an unprecedented $1 trillion pay package for Musk.

Go Deeper: Oracle’s insane cloud infrastructure forecast is giving shades of Nvidia’s data center business

On Tuesday’s earnings call, Oracle projected its cloud revenue would climb 77% this year to $18 billion, then to a whopping $144 billion by fiscal 2030 — more than 14x last year’s haul.

Musk has held the No. 1 spot for much of the year, Bloomberg reports, though Tesla’s shares are down 7.7% year to date amid mounting EV competition and Musk’s political controversies. Just last week, Tesla’s board proposed an unprecedented $1 trillion pay package for Musk.

Go Deeper: Oracle’s insane cloud infrastructure forecast is giving shades of Nvidia’s data center business

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Qualcomm spikes despite poor forecast, citing progress with “leading hyperscaler” and an imminent return to growth in China

Qualcomm, a chip company seemingly left behind in AI, is trying to lean in more to the boom.

A crowd of visitors at the Qualcomm ( Qualcomm is an...

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Max Knoblauch5h

Ford raises its full-year guidance, receives $1.3 billion tariff refund

Ford reported its first-quarter results after markets closed on Wednesday. The automaker’s shares climbed roughly 7% in after-hours trading on the news.

For Q1, Ford reported:

Adjusted earnings of $0.66 per share, compared to the $0.18 per share expected by Wall Street analysts polled by FactSet. The figure includes Ford’s tariff reimbursement.
$43.25 in total revenue, vs. the $42.66 billion consensus forecast. Automotive revenue came in at $39.8 billion, compared to estimates of $38.9 billion.
A $1.3 billion tariff refund.

Ford boosted its full-year guidance for adjusted earnings before interest and taxes to between $8.5 billion and $10.5 billion, up from between $8 billion and $10 billion.

Late last year, Ford announced it would take $19.5 billion in charges — one of the largest write-downs ever — relating mostly to its EV business. Of those charges, $7 billion will be spread across this year and next, the company said.

Earlier this month, Ford recorded an 8.8% drop in Q1 sales from the same period last year, a similar result to Detroit rival GM, which posted a 9.7% sales drop.

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Microsoft beats on revenue and earnings in Q3, but only meets expectations for cloud growth

Microsoft shares dipped after the company reported strong Q3 earnings postmarket Wednesday, posting sales of $82.9 billion for the quarter, beating FactSet analyst estimates of $81.4 billion. Earnings per share were $4.27, handily beating estimates of $4.05.

In a closely watched number, Microsoft’s Azure cloud business increased 40% year on year, just above the 39.7% estimated. The metric technically beat expectations, but may not be the beat investors were looking for.

Total capital expenditure for the quarter was $31.9 billion, up 49% year on year, above estimates of $27.5 billion and down from Q2’s $37.5 billion.

One thing investors were eager to find out: how is the company doing in its effort to fulfill the billions in backlogged commercial bookings? Last quarter, the company reported a staggering $625 billion in remaining performance obligations, and 45% of that was for just one customer — OpenAI.

For the third quarter, Microsoft reported a backlog of $627 billion, up 99% year on year. The company said the RPO increase was 26% — in line with “historical seasonality” — when excluding OpenAI.

Breaking down the results by the company’s business lines:

☁️ 🤖 Intelligent Cloud (Azure, server products): $34.7 billion in revenue, up 30% year on year.
📝 📊 Productivity and Business Processes (Microsoft 365, LinkedIn, Dynamics): $35 billion in revenue, up 17% year on year.
💻 🎮 More Personal Computing (Windows, Xbox, Bing): $13.2 billion in revenue, down 1% year on year.

Microsoft CFO Amy Hood said in the earnings release:

“We delivered results that exceeded expectations across revenue, operating income, and earnings per share, reflecting strong execution and growing demand for the Microsoft Cloud.”

Carvana reports better-than-expected Q1 sales, gross profit per vehicle

Carvana reported its first-quarter earnings after markets closed on Wednesday.

Carvana In Arizona

Amazon reports strong Q1 results with mixed Q2 guidance

The e-commerce and cloud giant just released quarterly results.

Amazon Delivery Truck

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