Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.
Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.
Today, March 11, 2026, investors are weighing blockbuster cloud and AI growth against massive data center spending and cash flow pressure.
Oracle's stake in ⁠TikTok's ⁠U.S. business operations ⁠is worth around $2 billion, a filing showed ​on Wednesday, more than a month after its Chinese parent ‌ByteDance finalized a deal ‌to set up a ...