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Oracle's Larry Ellison cancels $7.5 billion stock sale amid AI-driven growth
In the past 24 hours, Oracle's co-founder and executive chairman, Larry Ellison, canceled a planned sale of up to $7.5 billion worth of Oracle stock. This decision comes after Oracle reported strong revenue growth, particularly in its AI hyperscaler business unit, and a significant increase in contract backlogs. However, the company continues to experience negative free cash flow due to substantial investments in AI infrastructure.
Key points
- Larry Ellison cancels $7.5 billion stock sale amid AI-driven growth
- Oracle reports strong revenue growth and increased AI contract backlogs
- Company continues to experience negative free cash flow due to AI investments
Sources
- Larry Ellison cancels $7.5 billion sale of Oracle stockTechCrunch · September 12, 2026
- Oracle's Larry Ellison cancels $7.5 billion stock saleTipRanks · September 12, 2026
- Oracle's Larry Ellison cancels $7.5 billion sale of Oracle stockNew York Post · September 12, 2026
- Oracle's Larry Ellison cancels $7.5 billion sale of Oracle stockTechCrunch · September 12, 2026
AI-generated from public news sources. Not financial advice.
