Is Oracle A Buy Now On TikTok Partnership Talks?

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Is Oracle stock a buy now on the TikTok partnership talks in September 2020?

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Would TikTok make Oracle more attractive, or was it already attractive but it wasn’t getting enough attention? What exactly does Oracle even do and who are its competitors? Am I planning to buy Oracle stock shares and if so, at what price? Today I’m analyzing the Oracle stock from 5 points of my signature Invest Diva Diamond Analysis (IDDA) which analyzes any asset from 5 points: fundamentals, technicals, market sentiment, risk assessment, and overall how it can fit in your portfolio.

Oracle sells a wide range of enterprise IT solutions, including databases, middleware, applications, and hardware. Right now the company is undergoing a mix shift toward cloud-based subscriptions but they’ve been losing market share to competitors, namely Amazon Web Services. Microsoft Azure, and Google Cloud which kinda explains why they went after TikTok and offered such a high bid to outbid Microsoft: perhaps to put themselves back on the map by becoming TikTok’s designated cloud infrastructure provider.