Oracle’s Stock Rises on TikTok Deal Speculation

Oracle Corporation (ORCL) shares climbed 3% amid market speculation that the software giant may be involved in negotiations between the U.S. and China regarding TikTok's future operations. The rally follows ambiguous statements from U.S. officials about a potential framework agreement for the popular video-sharing platform.

President Donald Trump's social media post claiming a Sino-American TikTok agreement triggered the market movement. Treasury Secretary Scott Bessent later clarified that private parties had reached commercial terms, though no specific entities were named. Oracle's silence on the matter has done little to dampen investor enthusiasm.

National security concerns persist regarding TikTok's data practices, with U.S. lawmakers long warning about potential Chinese government access to American user data. The Biden administration previously addressed these issues through executive actions in 2024.