Oracle rebounds but questions remain – Global markets update [Video]
|Friday’s tech rally brought much-needed relief to markets, sparked by one headline: Oracle will host TikTok’s US user data, opening a potential new cloud revenue stream and giving it a roughly 15% stake in the newly structured U.S. TikTok business. Oracle shares surged over 6%, while Nvidia and the Nasdaq also climbed as investors bet on the value of data centers and massive computing power.
Meanwhile, in China, Moore Threads announced new AI chips claiming to rival Nvidia’s H200 and narrow the gap with the next-gen Blackwell series.
Tech stocks are up, but with year-end liquidity thinning, investors are watching closely as the global semiconductor race accelerates.
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