Oracle Corporation

AppLovin Corporation

Workday, Inc.

Coinbase Global, Inc.

Intuit Inc.

The fortunes of American billionaires whose companies earn money from software development have fallen by at least $62 billion this year, Bloomberg has <a href="https://www.bloomberg.com/news/articles/2026-02-04/software-billionaires-drop-62-billion-in-ai-driven-stock-slump">calculated</a>. The sector is experiencing a massive sell-off as investors fear that the penetration of AI will wipe out the prospects of traditional software.

Billionaires have lost more than $60 billion since the beginning of the year due to the collapse of software developers

Novo Nordisk A/S

Eli Lilly and Company

Hanwha Ocean Co., Ltd.

Paramount Skydance Corporation

Warner Bros. Discovery, Inc.

The US Food and Drug Administration (FDA) has approved Novo Nordisk's first semaglutide-based GLP-1 obesity pill, intensifying the company's competition with Eli Lilly. ByteDance, owner of TikTok, plans to invest about $23 billion in AI infrastructure amid record growth in debt financing in the global tech sector. These and other topics - in our review of key events for the morning of December 23.

The main thing for the morning: a pill instead of a shot, ships for the U.S. Navy and $40 billion for Hollywood

On Wednesday, September 10, Oracle founder and chairman Larry "Larry" Ellison became the richest man in the world according <a href="https://www.bloomberg.com/news/articles/2025-09-10/oracle-co-founder-larry-ellison-closes-in-on-elon-musk-as-world-s-richest-man">to</a> Bloomberg, overtaking Elon Musk, who held the title for almost a year. This happened after the publication of Oracle's quarterly report, which AP called<a href="https://apnews.com/article/richest-billionaires-musk-ellison-oracle-tesla-bloomberg-forbes-e90a3cab2a0b256923ca55814893f9fe">"stunning"</a>. The company's stock skyrocketed, and Ellison's fortune increased by more than $100 billion in a single day - the largest daily increase in the history of Bloomberg's rankings. As of September 12, Musk is back at the top of the list of the richest people on the planet, but Ellison's fortune remains <a href="https://www.bloomberg.com/billionaires/">huge</a> - $363 billion. How did he achieve this?

Ghetto Boy: How Larry Ellison Became the Richest Man on Earth

Apple Inc.

Microsoft Corporation

The week of September 8-12 was rich in big deals. Nebius signed a contract with Microsoft for $17.4 billion and raised $3.75 billion in funding, Oracle signed an agreement with OpenAI for $300 billion, and ASML invested €1.3 billion in French startup Mistral AI - the deal raised its valuation to €11.7 billion. At the same time, investors were not impressed by Apple's new products, and Kering postponed the buyout of fashion house Valentino until 2028. The main events of the week are in our review.

Highlights of the week: new iPhone, Nebius deal, Oracle takes off

Oracle expects its revenue from AI-powered cloud solutions to grow 620% in four years

Oracle increased its capitalization by 36% in just one day. That's a record for bigtechs

Tesla, Inc.

Oracle founder became $70 billion richer "on paper" in one day

Oracle's Ellison has almost caught up with Musk in the billionaire race. Will the leader change?

Meta Platforms, Inc.

NVIDIA Corporation

The businessman's fortune has exceeded $250 billion