Today, the tech stock market is experiencing a significant transformation, with Oracle Corporation's stock price performing astonishingly, opening with a gap up of 31%, and the increase continued to climb, ultimately reaching an incredible rise of 40%. This performance quickly pushed Oracle's market capitalization close to the trillion-dollar mark, reaching approximately 950 billion dollars, marking the best single-day performance since 1992.



The surge in stock price not only brought enormous profits to the company but also caused founder Larry Ellison's personal wealth to skyrocket by nearly 700 billion yuan in just one day, bringing his wealth close to that of Musk.

It is worth noting that NVIDIA, another giant in the AI computing power field, also saw a significant rise in its stock price on the same day. The simultaneous surge of these two tech giants once again highlights the thriving development trend of the computing power industry, and also suggests that the growth potential of this industry remains immense.

This market trend may have a ripple effect on other related industries. In particular, the cloud computing sector, as a key link in the implementation of computing power, is likely to be influenced by this wave of enthusiasm and present new growth opportunities. Investors should closely monitor the developments in this field to seize potential investment opportunities.

Overall, the significant rise in the stock prices of Oracle and Nvidia not only reflects investors' confidence in the AI computing industry but also suggests that the entire technology sector may be entering a new phase of development opportunities. This event could become an important turning point in the tech stock market, and it is worth our continued attention to its subsequent developments.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
AirdropChaservip
· 14h ago
get out of positions too late Rekt
View OriginalReply0
JustAnotherWalletvip
· 14h ago
The working class has witnessed history.
View OriginalReply0
ServantOfSatoshivip
· 14h ago
Elon Musk is in danger.
View OriginalReply0
NotSatoshivip
· 14h ago
Didn't buy and got Rekt.
View OriginalReply0
HorizonHuntervip
· 14h ago
Musk, don't worry, I'll output.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)