Oracle shares closed up 3.34% on December 22, 2025, fueled by strong AI cloud growth forecasts and strategic alliances. Investor confidence was boosted by Oracle's role as a lead investor and security partner in the U.S. TikTok joint venture. This positive momentum also stems from a record $523.3 billion Remaining Performance Obligations backlog, including a substantial OpenAI contract, despite ongoing concerns about data center financing risks and the company's debt levels.