Key Points Oracle stock had fireworks during its latest quarterly earnings showing. The blowout Oracle quarter that made Larry Ellison the richest man in the worldIn any case, the latest spike in shares of Oracle has made CEO Larry Ellison the richest man on earth. Indeed, if the AI infrastructure contracts and partnerships keep happening, investors shouldn’t be surprised if ORCL stock’s blistering pace continues well into the year’s end. Make no mistake, ORCL shares are not cheap at 45.3 times forward price-to-earnings (P/E). But when it comes to the AI boom, I think the P/E multiple doesn’t quite tell the full story.