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Other than ego, maybe he sees the writing on the wall for his core business? But seeing all these new AI companies being valued at hundreds of billions must have driven Ellison crazy

Correct business moves would have been to get Oracle products in all possible AI outputs... Not sure how that could be done, but still an idea.

Me neither. Isn't that enough? Does the line always have to go up? It really look like stock market and tech companies are classic gamblers. No gain or profit is good enough to just take it and stop.

Unfortunely yes, that is the MBA school, and then when the gamble fails, it is the employees that get shown the door, because company XYZ did not met their targets.

CEO might even get a bonus as payoff for a risky move, from shareholders point of view, go figure this logic.

It's 44 percent down the last 3 months...

stock price, not assets.