ORCL is trading at 5.9% up now at $190.63 after investors reacted positively to significant progress in the TikTok U.S. deal and anticipated cloud upside.
- Reports indicate ByteDance has signed agreements to create a U.S. TikTok joint venture.
- The JV is expected to be majority-owned by U.S. firms, positioning TikTok as a key customer for Oracle’s cloud business.
- Separate coverage highlights a consortium deal where Oracle and partners would own over 80% of TikTok’s U.S. operations, further boosting sentiment around Oracle’s cloud and AI positioning.