Oracle (ORCL)'s stock plummeted by 37% in the last three months, even with a modest increase in revenue and better margins. The reasons for the decline include cautious Q2 earnings, diminished enthusiasm in AI, reductions in analyst price targets, and insider selling—all contributing to a significant drop in investor confidence.
Tepper is taking gains on some of the biggest winners in his portfolio. This chipmaker has a broad portfolio across multiple segments that could all benefit from the rising use of large language models.
TikTok has at last finalized a deal to keep the popular video sharing platform operating in the U.S. after years of uncertainty, but questions remain about whether users' experience will change and whether the changes actually address security concerns around the app.
Wall Street has viewed Oracle Corporation NYSE: ORCL with a volatile mix of optimism and anxiety in recent weeks. The company's aggressive spending on AI data centers has spooked some debt investors, leading to a sharp sell-off in late January following news of a bondholder lawsuit.
ByteDance, the Chinese owner of TikTok, announced Thursday that it has finalized a deal to create a majority American-owned joint venture to operate the popular short-video app in the United States. The move is intended to address national security concerns that have threatened a US ban on the platform used by more than 200 million Americans.
TikTok's parent company, ByteDance, has signed a deal with a group of non-Chinese investors to form majority American-owned joint venture to keep the social app operating in the U.S. The deal ends a six-year long political saga that started in 2020 when President Donald Trump tried to ban the app over national security concerns during his first term.
TikTok can stay in the U.S., thanks to a new joint venture. But the app capped a dominant 2025 despite mounting political pressure, trade restrictions and national security scrutiny.
TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.
TikTok finalizes historic deal creating majority American-owned joint venture structure, aiming to avert potential U.S. ban affecting 200 million users nationwide.
The US and China have signed off on a deal for TikTok's Chinese owner to hand over the company's American division to investors backed by Donald Trump.
TikTok said late Thursday it has finalized a long-awaited deal that will allow the popular video-sharing app to keep operating in the U.S.
The agreement was negotiated to comply with a 2024 law requiring the company to do a deal or stop operating in the U.S.