TikTok USDS Joint Venture, which runs TikTok in the US, has been exploring deals to secure several gigawatts of computing capacity over coming years, according to two people familiar with the matter cited by CNBC. One source said the target is around four gigawatts by the early 2030s. TikTok's spokesperson said the company runs primarily on Oracle Cloud Infrastructure and that Oracle will remain its primary cloud provider.
cnbc.com
· 2026-10-23
Oracle reported fiscal first-quarter revenue of $19.35 billion, topping analyst expectations, with net income climbing 60% to $4.7 billion. The gains were driven by a 62% jump in cloud revenue, including a 121% surge in cloud infrastructure sales, prompting shares to rise more than 6% in premarket trading.
cnbc.com
· 2026-09-11
Oracle reported fiscal first-quarter results that topped Wall Street forecasts, with adjusted earnings of $1.92 per share and revenue of $19.35 billion, both above LSEG estimates. Revenue climbed nearly 30% year over year, driven largely by rapid growth in cloud infrastructure as Oracle pushes deeper into AI-related data center buildouts. The company raised its long-term outlook, now projecting $8.10 in adjusted earnings per share on at least $90 billion in revenue for fiscal 2027.
cnbc.com
· 2026-09-10
GoKawiil