Oracle co-founder Larry Ellison believes the real breakthrough for AI will come from inference, which has potential in fields from robotics to drug design.

Oracle stock hit a record high on Wednesday with a historic one-day rally of 43 percent that followed its blowout earnings results. Founder Larry Ellison added more than $107 billion in net worth the same day, making him the richest person in the world with nearly $400 billion, eking by Elon Musk.

Fortune magazine wondered on its cover whether Oracle co-founder Larry Ellison might become the world's richest person, while BusinessWeek declared Ellison is "cool again," noting that "Silicon Valley's bad boy is having his revenge.

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.

The software giant missed expectations in its latest quarterly report, but it forecast huge gains in cloud-infrastructure revenue. Oracle revealed it added $317 billion in future contract revenue during its latest quarter. Chief Executive Safra Catz told analysts that it had signed contracts with three different customers during the quarter.

Oracle stock soared some 40 percent in midday trading Wednesday, boosting Larry Ellison's fortune by an estimated $101 billion.

It’s no surprise that this exceptional guidance caused shares of Nvidia, Broadcom, and AMD to climb between 2% and 10%, as these chip manufacturers form

The software giant is expected to double its revenue in three years, but its future now fully hinges on the AI splurge.

Oracle stock surged on Wednesday morning, boosting the value of Larry Ellison's stake by tens of billions.

Oracle shares retreated on Thursday after a record AI-driven surge in the previous session that put the company closer to the trillion-dollar mark and co-founder Larry Ellison within striking distance of the world's richest person title.

For Oracle’s recent rally to make sense, the company will have to approach Nvidia’s unprecedented run of success.