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.

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.

Fresh concerns about data-center funding weighed down Oracle’s stock on Wednesday, but the selloff is looking overdone to some on Wall Street. Oracle shares fell 5.4% on Wednesday after the Financial Times reported that Oracle’s primary data-center partner,

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.