Oracle stock slips after Morgan Stanley warning; TikTok U.S. deal puts ORCL in play
Oracle shares fell 0.6% to $177.13 and slipped further after hours following a price target cut by Morgan Stanley, which cited funding risks tied to AI chip expansion. Reuters reported Oracle will acquire a 15% stake in TikTok’s new U.S. joint venture. Morgan Stanley lowered its target to $213, warning of higher costs and credit risks.