Oracle stock slips as TikTok U.S. joint venture puts cloud and AI spending back in focus
Oracle shares fell about 1% to $176.33 Friday after TikTok confirmed a U.S. joint venture giving Oracle a 15% stake and control over U.S. user data on its cloud. Investors weighed the TikTok deal against concerns over Oracle’s rising AI infrastructure costs and recent legal challenges tied to its debt plans.