Oracle Stock Jumps Again. It’s a TikTok Thing.

Oracle stock is up more than 80% in 2025. ((Photograph by Justin Sullivan/Getty Images))

Oracle stock is on a tear as investors regain optimism for the tech titan’s shares on a number of fronts.

Signals from the Trump administration that a preliminary deal has been struck between the U.S. and China over the Chinese social-media app TikTok were boosting shares. The stock was up 4.9% to $317.10 in early trading Tuesday, following a 3.4% gain Monday. Heading into Tuesday’s trading the stock was up 34% so far in September.

President Donald Trump wrote on his Truth Social platform Monday that a deal was reached “on a ‘certain’ company that young people in our Country very much wanted to save.”

Treasury Secretary Scott Bessent said the two countries had reached a commercial agreement that would put TikTok in the hands of an American owner to address national security concerns.

Oracle was among a consortium of companies that would enable TikTok to continue its U.S. operations if a framework deal between the U.S. and China is finalized, CBS News reported early Tuesday, citing people with knowledge of the matter.

Oracle, the White House, and TikTok didn’t immediately respond to a request for comment.

Concerns about national security and access to user data have long surrounded TikTok’s Chinese parent company ByteDance, and the app faces a U.S. ban unless it divests its U.S. assets. Oracle has often come up as a potential partner or buyer of TikTok, and Trump has said he’d be open to such a solution.

“That could build on the good news that’s surrounded the business in recent weeks, with Oracle’s shares having recently rallied on the company showing it is the latest beneficiary of the red hot AI trend,” said Russ Mould, investment director at AJ Bell.

It comes as after the stock gained 81% so far this year, including a 36% jump last week after it reported a surge in its backlog of contracted work which rose to $455 billion, up from just $138 billion in the previous quarter. It suggests intense demand for Oracle’s business of renting AI services in the cloud.

The company is “a new force in the cloud wars,” Jefferies analysts wrote Sunday, competing with the likes of Microsoft , Alphabet and Amazon.com . The broker rates Oracle Buy with a price target of $360 although noting that the company does have a few unresolved issues, such as how it can fund its AI data center buildout.

That said, Oracle Cloud Infrastructure continues to gain traction with AI savvy customers due to a compelling price for performance advantage, the analysts said.

Write to Elsa Ohlen at elsa.ohlen@barrons.com