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.

Even in the fast-moving world of AI, that’s a lot in a short time. Investors cheered, but some Wall Street bulls are wondering if this is further inflating the AI bubble—and making a potential collapse all the more alarming.

Oracle’s rocket ride

Oracle shares spiked after the company reported fiscal first-quarter earnings Tuesday afternoon. It missed analyst expectations on earnings per share and revenue, but inv

See Full Page