A memo from TikTok’s top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint venture, with Oracle’s cloud business as its backbone.

The agreement aims to resolve a yearslong standoff between the popular social media platform and the U.S. government over national security concerns tied to China's parent company, ByteDance.

Oracle Corporation (NYSE:ORCL) is one of the Buzzing AI Stocks on Wall Street. On December 15, Evercore ISI reiterated an “Outperform” rating on the stock with a $275 price target. The firm is confident in Oracle’s long-term OCI growth post-quarterly results,

CoreWeave and Oracle have borrowed heavily to build more AI data-center capacity, spooking bond markets and sending debt-insurance prices soaring.

It hasn't been that long since Oracle was an AI darling. A lot can change in a few months.

For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say. Analysts bullish on the stock have emphasized its huge growth potential with the AI boom.

The markets are growing concerned with the IT company's ability to finance data center build-outs and its partnership with OpenAI.