Larry Ellison loses 34 billion dollars after fears of “artificial intelligence bubble

This means a significant increase in net net value, which is closely related to the company.

The 81 -year -old businessman, who currently owns more than 40 % Oracle, has enjoyed 101 billion dollars Wealth overnight, to 393 billion dollars – which precedes the wealth of Musk 385 billion dollars. Join proverbs Amazon chief executive officer Jeff Bezos and LVMH‘s Bernard Arnolt As a few members of the rich club by exceeding Timing The CEO since ranked first in 2021.

But Elson’s classification as the richest person in the world did not last long: his clear and powerful wealth decreased by $ 34 billion a few days to increase the shares of Oracle, according to what she mentioned. Bloomberg index. Although he has made some gains since then, he is still standing at a net loss of 23 billion dollars from his highest level last Wednesday.

He tells c. luck The sharp fall arose from “second ideas” about Oracle The deal cloud with Openai.

“Second Ideas” about Oracle’s participation with artificial intelligence

Last Wednesday, Wall Street Journal I mentioned that Openai has signed a contract with Oracle to buy $ 300 billion of computer energy over the next five years. It is one of the largest signed cloud contracts ever – and markets were crazy. Delong says that Oracle will benefit from the deal, regardless of whether Openai has become the leading technology company from artificial intelligence.

“The Ellison Break is (from) the market’s perception of Oracle,” said Delong explained, adding that the Ellison’s personal share in the deal helped the company from “unrelated, to being a major participant in building and operating data centers coming from Openai”.

However, there were increasing fears that the deal could lead to “You have a bubbleEllison managed to secure Openai’s deal thanks to him Emerging business relationship with Nafidia CEO Gensen HuangWhich allowed Oracle Buy a large amount One of the modern graphics processing units, preparing itself as a major player in the artificial intelligence industry. However, analysts quickly warned of financial risks – Oracle has not proven as a better cloud provider, and $ 12 billion in Openai Annual revenue It diminishes compared to the $ 300 billion deal. Oracle relies heavily on one customer who may not be able to tolerate or use what they have completely adhered to; Since these obligations are promises to future services that have not yet been delivered, the artificial intelligence company can delay or change or cancel parts of the deal.

Delong says it raises the issue of Oracle tangle with Openai-how reliable numbers, what risks involved, and the amount of game change in reality. But still, it is noticed that many are optimistic, and that those who are proud can benefit from the opportunity.

“The subsequent decline came from the second ideas about the size of Oracle’s participation,” Delong continues.

“However, if you are optimistic about Openai – and a lot of people are very optimistic – the creation of Oracle Stock is your best path to investing something that will succeed if Openai succeeds, because it is now clear that if Openai is very good, Oracle will work well.”

The puzzle behind Musk’s Musk at one time 35 billion dollars in net value

While Ellison’s net value decreased, Musk enjoyed falling at the top of the Bloomberg Billionails Index with A. 35 billion dollars profit Between 10 and 12 September. However, why he suffered from increasing wealth less clear than the overthrow of Ellison.

Delong says that Tesla in Musk has not done anything special recently, which may lead to the sale of arrows for more. Instead, it can be linked to the annual contribution meeting in Tesla in November; Investors are optimistic that the CEO of Tesla “will do some good news” of the company before the fall of this fall.

“It seems more like” we can earn money by adhering to adult children because they are manipulating stock prices, “Delong explains. “The options traders purchase calls out of money on Tesla from the belief that Elon Musk wants to increase the price of his share in November.”

“This positive automatic food demand by Hedgers produces operations as we have seen in Tesla, which is tolerated for a while.”

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