AI capital expenditure soared, triggering a sharp decline in stock prices. Oracle (ORCL.US) founder Ellison's net worth evaporated nearly $25 billion.

According to the Securities Times APP, Larry Ellison, who briefly topped the "world's richest" list just three months ago, saw his net worth plummet by $24.9 billion in a single day due to the historic drop in the stock price of Oracle (ORCL.US).