Oracle Stock Jumps on TikTok Deal, Bitcoin Hits $88,000 Amid AI Optimism
Shares of Oracle experienced a 6% surge in pre-market trading on Friday. According to reports, this increase is attributed to TikTok's U.S. agreement, which has helped alleviate concerns regarding an AI bubble following a turbulent week in the broader market. The positive sentiment also coincided with Bitcoin reaching $88,000, suggesting a potentially correlated uplift in AI-related and crypto assets due to renewed market confidence.
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