Oracle Founder Larry Ellison Just Delivered Fantastic News for Nvidia Stock Investors
The Motley Fool
SEPTEMBER 25, 2024
Larry Ellison owns 42% of Oracle (NYSE: ORCL) , a $465 billion technology giant that is building some of the most powerful data centers for artificial intelligence (AI) development. Nvidia (NASDAQ: NVDA) supplies Oracle and most other tech companies with data center chips called graphics processing units (GPUs). Nvidia has experienced an eye-popping surge in its revenue over the past year, and GPU demand continues to outstrip supply.
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