Oracle Stock Dips Despite TikTok US Deal Closure
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BTCCSquare news:
Oracle Corporation's shares slid 6% this week despite finalizing a deal to anchor TikTok's US operations through a consortium with Silver Lake and Abu Dhabi's MGX. The market reaction defied analyst expectations that the partnership WOULD buoy ORCL stock.
The cloud giant now faces dual challenges: scaling its GPU-as-a-service division while integrating TikTok's infrastructure. Upcoming earnings will test whether Oracle can convert geopolitical maneuvering into financial performance.
Wall Street maintains cautious optimism, with most ratings still positive. The TikTok agreement represents a strategic foothold in social media infrastructure, though immediate investor enthusiasm remains muted.
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