Oracle AI Cloud Partnership Boosts Market Confidence and Lifts Risk Assets
A new TikTok U.S. joint venture agreement involving Oracle has injected fresh optimism into global markets, lifting AI-linked mining stocks and pushing Bitcoin back above $88,000. The development helped calm investor anxiety after a volatile macroeconomic week marked by inflation data and shifting central bank policies.
Oracle shares rose nearly 6% in pre-market trading, climbing to around $190, following reports that TikTok signed binding agreements to form a U.S.-led joint venture. The structure reinforces Oracle’s position as a core provider of cloud infrastructure and data security, particularly for AI-driven workloads operating on U.S.-based data.
Investors interpreted the deal as validation that Oracle’s AI exposure is tied to large-scale, revenue-generating operations, easing fears of inflated valuations across the artificial intelligence sector.
Improved risk sentiment spilled into digital assets, with Bitcoin trading back above $88,000. Equity markets reflected similar strength as AI-focused mining and infrastructure companies posted gains, signaling renewed confidence in high-growth technology sectors.
In recent weeks, markets had questioned the sustainability of debt-funded data center expansion, delayed AI projects, and aggressive capital spending. The TikTok–Oracle agreement helped counter those concerns by highlighting real-world demand for AI cloud services.
Attention now turns to upcoming US personal consumption expenditures (PCE) inflation data, which could shape expectations for interest rates and risk assets heading into year-end.
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