In Short:
– Oracle shares rose 43% to $345.69, nearing a trillion-dollar valuation after multi-billion-dollar contracts were announced.
– Co-founder Larry Ellison’s net worth increased to $392.6 billion, making him a contender for the world’s richest person.

Oracle shares surged 43% to a record high of $345.69, putting the company close to joining the trillion-dollar club.

This spike follows the announcement of four multi-billion-dollar contracts on Tuesday, indicating a shift towards increased computing capacity necessary for AI development.

The surge boosts co-founder Larry Ellison’s net worth to approximately $392.6 billion, making him a contender for the world’s richest person, currently held by Elon Musk at $439.9 billion.

Oracle expects to see a market valuation around $913 billion if gains hold, contributing an additional $234 billion.

Market Dynamics

Oracle’s significant contracts include one with OpenAI for about $300 billion in computing power over five years.

The partnership is critical as Oracle aims to expand its market share, currently dominated by Microsoft, Amazon, and Google, which collectively hold 65%.

The company also supports AI startups, including xAI, founded by Musk, affirming its essential role in upcoming large-scale AI infrastructure projects, projected to reach $500 billion.

In Short:
– Charlie Kirk, conservative commentator, was shot during a speech at Utah Valley University on Wednesday.
– Authorities are investigating the incident, with the community showing strong support for Kirk.

Charlie Kirk, a prominent conservative commentator, has died after he was shot while speaking at Utah Valley University on Wednesday.

The incident occurred around noon local time, with video footage circulating on social media showing the moment shots were fired.Kirk is the founder and CEO of Turning Point USA, a significant conservative youth organisation active across 3,500 college campuses.

He has been influential on the right and is known for his podcast and “Prove Me Wrong” debates.

Kirk, 31, also played a key role in Donald Trump’s outreach to young voters during the 2024 election.

The university, located in Orem, Utah, is home to over 46,000 students, making it the largest in the state.

Ongoing Updates

Authorities are actively investigating the shooting, and further developments are expected.

Community response has been strong, with calls for prayers and support for Kirk following the incident.