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.
TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
Oracle (ORCL) closed the most recent trading day at $178.18, moving +2.47% from the previous trading session.
Jim Lebenthal, Chief Market Strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's buying more Oracle.
The picks and shovels of artificial intelligence all look perky this morning as we continue to see risk appetite build after Davos.
Oracle and OpenAI's have plans to build $500 billion of data centers in a venture called Stargate. JPMorgan Chase has seen slower investor interest for $38 billion of debt tied to two Stargate sites.
ORCL's multicloud AI push is driving durable growth, with 817% YoY multicloud database consumption and new programs deepening enterprise adoption.
Oracle Stock (NYSE: ORCL) fell by 6% yesterday as geopolitical concerns affected the market – particularly the U.S.-EU tensions regarding Greenland that triggered fears of a trade war. However, there's something more specific impacting Oracle: bondholders have just initiated a lawsuit concerning possible losses resulting from the company's debt-driven AI infrastructure expansion.
Fears over Oracle's AI debt load and OpenAI concentration are overblown — and they mask a massive long-term opportunity, according to Guggenheim.
Oracle is rated a "Buy" after a 40% pullback, with the current valuation reflecting key risks. ORCL's $523 billion RPO is increasingly diversified, with new contracts from Meta and Nvidia reducing reliance on OpenAI. Near-term revenue acceleration is expected, with $4 billion additional revenue guided for FY '27 and FY '26 guidances reaffirmed at $67 billion.