Oracle Shares Soar 8.97% on AI Rally as TikTok JV Faces Security Scrutiny
ORCL•
ORCL•Oracle shares jumped 8.97% after Dell’s record Q1 spurred renewed AI infrastructure demand and tech sector rotation. Senator Ed Markey requested details on American users’ data security and foreign manipulation safeguards within the proposed TikTok US joint venture involving Oracle.
Oracle’s share price climbed 8.97% after Dell reported a record $24.4 billion in AI orders for Q1, confirming accelerating AI capex among enterprise customers and fueling a broader technology sector rotation that outpaced chip-only leaders.
Senator Ed Markey formally asked Oracle to provide detailed plans for protecting American users’ data and preventing foreign manipulation within the proposed TikTok US joint venture, introducing potential regulatory scrutiny and reputational risk for the company.

Reuters