Oracle (ORCL) shares rose 3.22% to $198.16 following reports of a potential $14 billion joint venture with Silver Lake and MGX to acquire approximately 45% of TikTok's U.S. operations, securing a major cloud tenant and AI validation.
- Recent Q2 results showed $16.1 billion revenue and 34% cloud growth, supported by a record backlog that surged 438% to $523 billion.
- Analysts currently rate the stock a 'Moderate Buy' with a price target set at $306.