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0 -0.00369897959183684 -0.00318877551020413 -0.00191326530612252 -0.0121173469387756 0.00191326530612241 0.0162946428571428 0.0271045918367346
Stock impact report

Oracle TikTok deal lifts AI mining stocks as bitcoin tags $88,000 [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
a new U.S. joint venture led by Oracle , helping ease investor concerns around AI-driven valuation risks. The upbeat reaction spread across risk assets. Bitcoin (BTC) jumped above $88,000, Invesco QQQ (QQQ) futures, which tracks the performance of the Nasdaq-100, rose around 0.5%, while AI mining stocks also moved higher. IREN (IREN) gained about 4%, Cipher Mining (CIFR) rose roughly 4% and CoreWeave (CRWV) climbed around 6%. Oracle will play a central role as the primary cloud infrastructure and data security provider, overseeing where TikTok's AI recommendation systems are retrained and operated on U.S.-based data. Markets are treating the agreement as validation that Oracle's AI exposure is tied to real, large scale workloads. This matters because AI hyperscalers such as Oracle and CoreWeave have come under pressure in recent weeks, with share prices hit by fears around the sustainability of massive AI infrastructure spending and facing doubts over heavy debt-financed data Show less Read more
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