Oracle ( ORCL -4.01%) stock tumbled 5% through 11 a.m. ET, as investors rethink their enthusiasm for the longtime database software company that's turned into a red-hot play on artificial intelligence (AI) through its relationship with OpenAI.

Oracle (ORCL) stock saw focus once again after reports surfaced the company would play the key role for the United States restructuring of TikTok. Oracle would rebuild and retrain a domestic-only iteration of TikTok’s algorithm away from ByteDance,

Oracle stock rose over 6% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also separately announced a CEO shakeup.

Oracle Corporation eyes explosive growth with surging AI cloud demand, major deals, and TikTok opportunities. Click for my updated look at ORCL stock prospects.

Oracle stock rose after the company joined a group to control TikToks US operations. The deal moves TikTok under US control, with Oracle handling security. Analysts see this as positive for Oracle. The company also announced a CEO change,

This clearly is an expansion of Oracle's original business, and now it looks as if this tech giant may be expanding further: Oracle, as part of a consortium, may take a stake in TikTok, according to press reports. China's ByteDance, TikTok's owner, has been under pressure from the U.S. to divest its U.S. business or face a shutdown in the country.

Move over Nvidia (NASDAQ:NVDA), there seems to be a new hot stock in town after Oracle (NYSE:ORCL) pulled the curtain on one of the best and most shocking quarters from a large-cap firm you’ll hear of.

It is another huge win for Oracle, which earlier this year announced its involvement in a $500 billion AI infrastructure project. Earlier this month, Oracle stock skyrocketed some 42% after it reported that it had increased its backlog by 393% with some $455 billion in contracts in the pipeline.

A copy of the algorithm would be leased from ByteDance by the owners of the US-based TikTok, which Oracle will then use to retrain 'from the ground up'.

Oracle Corporation (NASDAQ: ORCL) shares are trading higher and trending on Monday. Here's a look at what's going on.