Down 47%, Is Oracle a No-Brainer Buy Now That It Owns a Stake in TikTok?

Oracle remains a high-risk, high-potential-reward artificial intelligence stock.Oracle (ORCL 2.54%) popped 3% on Monday after TikTok published a press release outlining details of the newly formed TikTok U.S. Data Security Joint Venture.Oracle, private equity firm Silver Lake, and Abu Dhabi-based investment company MGX each hold 15% equity stakes in the joint venture and will serve as its managing investors. A slew of nonmanaging investors own a total of 35.1%, and China-based ByteDance will retain the rema ...

Down 47%, Is Oracle a No-Brainer Buy Now That It Owns a Stake in TikTok? - Reportify