New York, January 28, 2026, 11:05 EST — Regular session
- Oracle shares climbed roughly 0.5% in late-morning trading, recovering slightly after a steep decline the previous day
- Company attributes TikTok disruptions to a power outage at a data center caused by severe weather
- Mid-March earnings will give investors a sharper picture of cloud demand and spending trends
Oracle shares climbed 0.5% to $175.76 by late morning Wednesday, clawing back some of Tuesday’s losses amid new developments around its data centers. The Nasdaq-100 tracking Invesco QQQ fund edged up roughly 0.3%.
Oracle’s stock has been volatile as the company navigates a major transition in corporate computing—from owning servers to leasing cloud capacity. This shift comes with hefty costs, and investors have swiftly reacted to any hints of trouble, whether outages or rising expenses.
Oracle spokesperson Michael Egbert told Reuters in an email that “Over the weekend, an Oracle data center experienced a temporary weather-related power outage which impacted TikTok,” following reports of problems from users of the short-video app. California Governor Gavin Newsom tied the outage to claims of content suppression targeting President Donald Trump and said his office is reviewing TikTok’s moderation policies. Last week, ByteDance sealed a deal to form a majority U.S.-owned joint venture, with Oracle, Silver Lake, and Abu Dhabi-based MGX each holding 15% stakes while ByteDance retains 19.9%. 1
Oracle shares fell 4.1% on Tuesday, ending at $174.90 and erasing much of Monday’s advance. The stock is still roughly 49% off its September 10 peak of $345.72. 2
Oracle revealed on Tuesday that Saudi developer Red Sea Global has chosen its Aconex Cloud and Primavera P6 software for construction planning and collaboration. The deployment will cover over 23,000 users, the company said. “Red Sea Global is setting a new benchmark for digital transformation in large-scale hospitality destination projects,” said Mark Webster, Oracle’s senior vice president. Sultan Moraished, RSG’s chief technology officer, added the tools will enable teams to “collaborate in real time.” 3
Oracle announced that Alrajhi Medicine, a private healthcare group in Saudi Arabia, will implement Oracle Health Foundation electronic health records (EHR) alongside Oracle Fusion business applications. Omar Turjman, Alrajhi’s chief information officer, said the move marks “a transformation of our digital operations.” Seema Verma, executive vice president of Oracle Health and Life Sciences, called the aim “secure, modern, and intelligent healthcare” across the Middle East. 4
iXAfrica Data Centre announced it will host an Oracle Cloud Infrastructure (OCI) region in Nairobi, aiming to keep data closer to users and boost performance for latency-sensitive applications. “We are delighted to be in execution mode to bring OCI to Kenya,” said iXAfrica CEO Snehar Shah. Oracle’s Kenya country leader, David Bunei, highlighted the move’s impact on “mission-critical workloads that enable innovation at scale.” 5
A Form 4 filed this week reveals Oracle Chief Legal Officer Stuart Levey received 337.783 shares as dividend equivalents linked to restricted stock units. After this transaction, his direct holdings stand at 159,494.982 shares. 6
But the risk remains. Oracle warned investors in December that its fiscal 2026 spending would exceed September’s forecast by $15 billion, highlighting how investment in major cloud clients can outpace incoming cash. 7
Traders are keeping an eye on whether TikTok’s recovery picks up steam and how Newsom’s review unfolds, both of which could prolong attention on the outage. Oracle’s investor relations FAQ notes the company expects to release fiscal third-quarter results in mid-March, setting up the next major catalyst for the stock. 8
