Story: Oracle shares rebound this week after falling on Friday on impending U.S. TikTok ban
Oracle hosts TikTok’s U.S. user data on its servers, reviews the app’s source code and delivers the app to app stores.
Kravitz said reports this week that TikTok could be sold to Elon Musk could help Oracle retain the short-form video app as a customer.
Regardless, he believes that Oracle’s stock is “a stock worth holding for investors” given its strong cloud business.
