Oracle's (ORCL -2.95%) stock price rallied 85% over the past two years, outperforming the S&P 500's 45% comparable gain and boosting its market capitalization to $420 billion. That rally was fueled by the growth of its cloud and AI businesses.
Top congressional staffers met with Oracle on Tuesday to talk about TikTok, which faces a ban in the United States unless it is sold to a non-Chinese owner by early April.
News that Oracle (ORCL -2.84%) might get involved in the controversy-laden saga that is TikTok sent the American company's shares down on Tuesday. Oracle's share price fell by 3% on the day, a steeper tumble than the 1.1% slip of the S&P 500 (^GSPC -1.07%).
Oracle said on Wednesday it would provide Singapore's defense technology arm with "isolated" cloud computing and AI services, in the company's first such deal in Southeast Asia.
One of the deals being considered to keep TikTok operating in the U.S. reportedly involves Oracle taking a small stake in the company and working with U.S. buyers to ensure that no user data would be accessible to the Chinese government.
A "Project Texas 2.0" is reportedly in the works to avert a TikTok ban. The post Oracle Stock Gains Amid TikTok Deal Chatter.
Software firm Oracle is reportedly in talks with the White House to run TikTok. That's according to a report Sunday (March 16) by Politico, which notes that there's still a roadblock to the deal: concerns about the role TikTok's Chinese founders will play in the video sharing app's future in the U.S.
According to a report from The Information, Oracle (ORCL) is a top candidate for U.S. ownership of TikTok. Solo Ceesay talks about how the deal can impact app users and what it means for "decentralized media.
Some investors might be getting wary of buying new stocks given the news they are seeing these days. The Trump administration's unpredictable tariffs, sticky inflation, and elevated interest rates have been rattling the markets over the past month or so.
President Trump has threatened to slap a 200% tariff on European wine and spirits. It has some questioning if other sectors could eventually get hit with tariffs too, specifically luxury retailers.
ORCL's AI Centre can't hide missed earnings, falling license revenues, and fierce regional competition from AWS, Microsoft and Google.
Zacks.com users have recently been watching Oracle (ORCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.