Oracle Stock Climbs on Reported TikTok Deal Involvement
1. Oracle shares rose as part of a consortium for TikTok's U.S. operations. 2. A framework deal between Beijing and Washington is essential for TikTok. 3. Oracle has reported substantial backlogs, indicating strong AI spending growth. 4. Ellison's ties to Trump and interest in TikTok could influence ORCL's prospects. 5. Oracle shares have risen over 80% year-to-date amid market optimism.