TikTok's U.S. Future: Oracle Steps In Amidst Deal Talks
Oracle shares climbed following speculation that the software company may be part of a deal between the U.S. and China regarding TikTok.
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Oracle shares climbed following speculation that the software company may be part of a deal between the U.S. and China regarding TikTok.
Oracle shares surged as its backlog (RPO) hit a record $455B, up from $138B, due to massive AI cloud demand and multi-billion dollar contracts. CEO Catz expects RPO to exceed $500B soon. OCI revenue is projected to grow 77% this year to $18B.