Oracle co‑founder Larry Ellison has scrapped a plan to sell up to $7.5 billion worth of shares in the database giant, reversing a disclosure made the previous day that he intended to offload as many as 50 million shares by the end of October. At Friday’s closing price of $150, the stake was valued at roughly $7.5 bn. The trading plan, established in late June, was disclosed after Oracle reported higher data‑centre revenue but a slight share‑price dip as investors fretted over margin compression from the company’s aggressive AI push.

Shares have fallen more than half since Oracle announced a $300 bn deal with OpenAI in September. A source close to Ellison said he views the stock as undervalued, though it is unclear if he will buy more. Ellison, 82, remains Oracle’s largest individual shareholder with a 40 % stake and continues to be “super active” in daily decisions despite not appearing on recent earnings calls.

He has pledged 346 million shares as collateral for personal loans and is backing his son David’s hostile bid for Warner Bros Discovery, while also financing research institutes in Oxford and Los Angeles. Oracle’s AI data‑centre build‑out for OpenAI faces permit and regulatory hurdles, prompting heavy debt issuance, new share sales, and $2.1 bn in lay‑off costs last fiscal year, with an additional $700 mn earmarked for severance.