TikTok Forms U.S. Entity with Oracle and Key Investors

TikTok has created a new U.S. entity in collaboration with Oracle, Silver Lake, and MGX as principal investors, ensuring its continued operations in the United States. According to NS3.AI, Oracle's stock experienced a decline following the announcement of the deal, maintaining a recent downward trend despite optimistic price targets from some analysts. The mixed investor sentiment is attributed to challenges in Oracle's GPU cloud business and conservative growth projections ahead of its earnings report.