Oracle Chairman Larry Ellison is having a good morning.

Oracle’s stock is up more than 42% on Wednesday, thanks to an earnings call on Tuesday that left investors stunned.

The company missed earnings and revenue estimates, but the forward looking guidance alone was apparently good enough to get investors to rally around it. A bulk of that reaction had to do with the revenue that AI computing demand was expected to bring to Oracle’s cloud infrastructure service.

The shares skyrocketed in response. If it continues like this into the trading session, Oracle’s stock will have its largest single session surge since the dot-com boom, according to CNBC .

With the current surge in shares, Ellison has increased his wealth by more than $100 billion, thanks to the roughly 1.16 billion shares he

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