Is Oracle’s stock spike the strongest indicator yet that we’re in an AI bubble?

Larry Ellison briefly became the world’s richest man after Oracle shares spiked nearly 40%. But analysts warn the AI-driven surge may echo the dot-com bubble, leaving markets vulnerable if the rally falters.

Even if you only pay a little attention to the business world, it’s been hard to miss Oracle’s phenomenal week. The company’s shares jumped nearly 40% on Wednesday, and CEO Larry Ellison briefly overtook Elon Musk as the world’s richest person (he’s now essentially tied). Oracle also signed a staggering $300 billion deal with OpenAI for computing power over the next five years.