Oracle and TikTok's Agreement Boosted Bitcoin

Oracle Shares Rise

Oracle shares reached approximately $190 with a nearly %6 increase in pre-market trading. This rise indicates that the company is in an even stronger position as a provider of artificial intelligence cloud and data security.

Partnership with TikTok

TikTok has decided to establish a joint venture in the U.S. with American investors. This partnership reinforces Oracle's role in alleviating concerns regarding artificial intelligence.

Bitcoin and AI Mining Stocks

These developments have improved risk appetite, helping Bitcoin to rise above $88,000 again. Thus, AI mining stocks have also recorded an increase in this process.