Why is Oracle (ORCL) stock soaring today?

Why is Oracle (ORCL) stock soaring today?

By Radek Strnad
Publication Date: 2025-12-19 16:51:00

Shares of enterprise software giant Oracle (NYSE:ORCL) rose 7.3% mid-morning after reports emerged that TikTok’s parent company ByteDance had agreed to form a U.S. joint venture that would give a group of American investors led by Oracle a majority stake in the popular app’s U.S. operations.

The move was aimed at addressing U.S. national security concerns and preventing a ban on the short-video platform. Under the deal, a new company called TikTok US would be created, with Oracle and its Abu Dhabi-based partners Silver Lake and MGX owning the majority stake.

This deal enabled Oracle to take care of the app’s US privacy, algorithm security and content moderation. The news was seen as a significant win for Oracle’s cloud business, as it secured TikTok as a key, high-margin customer and solidified the company’s role as a key provider of cloud and data security services.

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