Oracle (ORCL) stock jumped 9.6% to $155.95 Monday as D.A. Davidson upgraded to Buy citing OpenAI's $40B cash and TikTok USA's $800M revenue contribution.
The agreement, which is set to close this week according to people familiar with the matter who spoke to Semafor, leaves ByteDance with just under 20% ownership of the U.S. business. Oracle, ...
D.A. Davidson upgraded Oracle to a buy rating from neutral, further reflecting the firm's optimism regarding OpenAI.
Oracle on Tuesday said issues faced by U.S. users of social media app TikTok are the result of a temporary weather-related power outage at an Oracle data center, after California Governor Gavin Newsom ...
The TikTok deal is done and the US business is now officially known as "TikTok USDS Joint Venture LLC." Oracle will own a significant, but not controlling stake in the new TikTok JV. 10 stocks we like ...
Oracle (ORCL) shares are positioned for a potential boost as a deal to spin off TikTok's U.S. operations nears completion, with the software giant set to secure a 15% stake in the new American entity.
Quick Read Oracle (ORCL) raised fiscal 2026 capex guidance to $50B from $35B. Oracle’s stock has nearly halved despite aggressive AI infrastructure buildout. Oracle’s total debt and lease obligations ...
TikTok's U.S. joint venture seems to have survived a turbulent rollout relatively unscathed, as concerns of a mass user ...
ByteDance has formally laid out its internal strategic focus for the next phase. At an internal meeting at the start of 2026, ByteDance CEO Liang Rubo stated that AI is hitting a new peak. The most ...
The popular short video app owned by ByteDance has signed an agreement to sell its U.S. business to a U.S.-led group including software giant Oracle After nearly six years of legal and political ...
The second-generation Doubao AI smartphone is seeking smoother app access and licensing deals that widen distribution. Image: generated with Google Gemini. ByteDance, the company behind TikTok, is ...