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. What to know : Oracle shares climbed about 6% to around $190 Friday's pre market trading. TikTok agreed to form a U.S. joint venture led by American investors, reinforcing Oracle’s role as a core AI cloud and data security provider easing AI concerns. The deal helped improve broader risk sentiment with bitcoin back above $88,000, also lifting AI mining stocks in the process.