On Wednesday, Oracle's share price experienced an extraordinary surge of 41%, marking its most significant intraday increase since 1992. This remarkable jump came on the heels of the company revealing robust data regarding demand for its cloud services. Presently, the cloud services behemoth commands a market valuation of $950 billion and is swiftly closing in on the coveted $1 trillion mark. Oracle's co-founder, Larry Ellison, witnessed an astonishing one-day spike in his personal fortune, with his wealth soaring by $101 billion. This feat not only set a new record for the largest single-day increase in personal wealth but also propelled Ellison past Musk, making him the richest person in the world.