STORY: Shares of Oracle rebounded this week after sliding Friday on the possibility of an imminent TikTok ban in the U.S.
Oracle hosts TikTok’s U.S. user data on its servers, reviews the app’s source code and delivers the app to the app stores.
Reports this week of a potential TikTok sale to Elon Musk could help Oracle keep the short-form video app as a client, Krawez said.
Regardless, he believes Oracle’s stock is “one for investors to own” given the tech giant’s strong cloud business.