Oracle Founder Larry Ellison to Sell Up to $7.5bn in Stock

Larry Ellison plans to sell up to $7.5 billion worth of Oracle (ORCL) stock, potentially offloading as many as 50 million shares. This decision comes as Oracle reported higher revenue from data centers. However, there are concerns among investors regarding the company’s commitment to artificial intelligence. This stock sale may impact Oracle's share price and market perceptions, especially given the substantial amount involved.