Oracle shares jumped 6% in pre-market on Friday as TikTok’s U.S. agreement helped calm AI bubble fears after a volatile macro week.
Oracle TikTok deal lifts AI mining stocks as bitcoin tags $88,000
Oracle shares jumped 6% in pre-market on Friday as TikTok's U.S. agreement helped calm AI bubble fears after a volatile macro week.
Shares:
The company is targeting $3.4 billion in AI Cloud ARR by end of 2026 with expansion to 140,000 GPUs and strengthened financing position.
Technical analysts continue to point to $3.17 as the breakout zone that could unlock a sharp rally toward $5.00+, though bearish camps warn of a slide to $2.65 if supports
The firm’s recent ETH purchases came just ahead of a sharp market slide, pushing unrealized losses past $6 billion as liquidity thinned and liquidations picked up.
Monero set fresh records earlier Monday, driven by renewed interest in privacy and upcoming protocol upgrades.