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Oracle Bone Script or Operating TikTok Algorithm Stock Price Soars 80% Due to AI Plans
[Coin World] According to reports, Oracle will operate TikTok's algorithm based on a potential U.S. ownership protocol, with White House officials confirming that negotiations are nearing completion. Oracle's stock price has soared 28% in the past month and has risen over 80% so far this year, thanks to its AI initiatives, including collaborations with OpenAI. Analysts at Guggenheim and TD Cowen have set a target price of $375, while Morgan Stanley emphasized that Oracle is transforming into a data center operator, positioning it ahead of Nvidia in the AI race.