Global marketsUpdated November 6

Ellison loses $3 billion after news of Microsoft winding down its Oracle deal.

Ellison’s Friday estimate swung in the other direction. Forbes said Oracle shares rose 1.5%, putting his estimated fortune up $2.1 billion by noon. By 1 p.m. EST, Forbes estimated he was down $3 billion after news that Microsoft was winding down its deal to rent AI-computing capacity from Oracle. The report describes the deal as winding down; it does not say the agreement has already ended.

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Coverage started November 6