Oracle’s Massive AI Bet Has Already Cost Larry Ellison $207 Billion.
Analyst Warns the AI Bubble Is 17 Times Bigger Than the Dot-Com Bubble
Quick Read – Oracle’s stock has crashed over 55% from its September 2025 peak, erasing $494 billion in market value as fiscal 2026 capex hit $56 billion. – Analyst Julien Garran contends the AI investment frenzy is 17 times larger than the dot-com bubble, with only NVIDIA generating actual profit. – Ellison personally guaranteed $40.4 billion for his son’s media merger, backed by Oracle shares now worth roughly half their value when signed. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oracle didn’t make the cut. Grab the names FREE today. Larry Ellison has lost $207 billion in less than a year.
His fortune peaked near $388 billion in September 2025, when Oracle (NYSE:ORCL) traded at $345.72 and briefly made him only the second person ever, after Elon Musk, to cross $400 billion. As of August 2, 2026, Bloomberg’s Billionaires Index puts him at $181 billion, No. 7 globally, behind Mark Zuckerberg at $199 billion and just ahead of NVIDIA’s Jensen Huang at $166 billion. Year-to-date, Ellison is down $66.0 billion, with most of the collapse arriving after Oracle’s share price broke in June.