Oracle Corp (ORCL) is having a pretty good morning, and for once it's not about cloud infrastructure or database licensing. The tech giant's shares rose sharply in premarket trading after TikTok announced it's bringing Oracle into a deal that could reshape the social media platform's U.S. operations.
According to an internal memo reported by The Associated Press, TikTok has signed binding agreements with a group of investors including Oracle, Silver Lake, and Emirati investment firm MGX to form a new TikTok U.S. entity. The deal is expected to close on January 22, which gives everyone involved about as much time to iron out the details as most people spend planning a weekend trip.
Oracle shares jumped 5.7% to $190.23 in premarket trading on the news. That's the kind of move that makes you wonder whether Oracle's cloud business just got a lot more interesting, or whether investors are simply excited about the company's expanding role in high-profile tech partnerships.
But Oracle wasn't the only stock making moves before the opening bell. Here's what else was happening in the premarket session.
The Gainers
Vision Marine Technologies Inc (VMAR) surged 48.7% to $0.36 after pricing a best-efforts public offering. For those unfamiliar with the term, a best-efforts offering means the underwriter agrees to sell as many shares as possible without guaranteeing a specific amount of proceeds. Think of it as the "we'll try our best" approach to capital raising.
Inspire Veterinary Partners Inc (IVP) surged 32.2% to $0.060 in premarket trading. The Virginia Beach-based veterinary consolidator disclosed in an 8-K filing dated Wednesday that it entered into a consulting agreement with 622 Capital LLC last week, according to the Securities and Exchange Commission.
Julong Holding Ltd (JLHL) rose 24.3% to $3.79, though the company didn't announce any specific catalyst for the move.
WhiteFiber Inc (WYFI) climbed 18.2% to $16.90 after announcing a colocation agreement. In the world of data centers and connectivity infrastructure, colocation deals can be meaningful revenue drivers.
Rising Dragon Acquisition (RDAC) shares jumped 17.4% to $12.20 after the company filed a Form 8-K with the Securities and Exchange Commission.
Antelope Enterprise Holdings Ltd (AEHL) gained 12.2% to $2.21, continuing momentum after gaining 10% on Thursday.
Linkhome Holdings Inc (LHAI) gained 11.6% to $12.49 following the company's announcement of a strategic partnership with Move Inc., a News Corp (NWSA) subsidiary.
Canopy Growth Corp (CGC) rose 8.2% to $1.83, bouncing back after falling 12% on Thursday. The cannabis sector continues to be as volatile as ever.
Intuitive Machines Inc (LUNR) gained 7.8% to $11.70, building on Thursday's 6% gain. The space exploration company continues to attract investor interest.
The Losers
Zeta Network Group (ZNB) fell 29.4% to $0.72, giving back some of Thursday's gains when the stock jumped over 55%. What goes up quickly in small-cap land often comes down just as fast.
cbdMD Inc (YCBD) tumbled 19.2% to $1.56, extending Thursday's 15% decline. The CBD products company continues to struggle.
Aimei Health Technology Co Ltd (AFJK) fell 15.8% to $44.00 after jumping more than 100% on Thursday. That's the kind of volatility that makes day traders either very happy or very sad, depending on their timing.
VS Media Holdings Ltd (VSME) fell 13.2% to $0.090 after jumping 38% on Thursday, another example of momentum reversing quickly.
SeaStar Medical Holding Corp (ICU) declined 11.8% to $0.26. The company announced a 1-for-10 reverse stock split, effective January 2, 2026. Reverse splits are typically aimed at boosting share prices to meet exchange listing requirements, though they don't change the underlying value of the company.
Mega Fortune Co Ltd (MGRT) fell 10.7% to $7.87, continuing Thursday's slide when the stock declined around 33%.
Ryvyl Inc (RVYL) dipped 10.7% to $0.21. The stock fell around 14% on Thursday after the company announced stockholders approved a reverse stock split at a ratio between 1-for-20 to 1-for-50 shares and an increase in the number of authorized shares from 100,000,000 to 500,000,000.
Nike Inc (NKE) shares dipped 9.9% to $59.11 in premarket trading, which is probably the most surprising move on this list. Nike reported better-than-expected earnings and sales results for the second quarter, but posted a decline in gross margins for the second straight quarter. Wall Street clearly cares more about margin pressure than top-line beats right now.
BlackBerry Ltd (BB) dipped 4.6% to $4.13 following third-quarter results. The once-dominant smartphone maker turned cybersecurity company continues to navigate a challenging transition.
Strata Critical Medical Inc (SRTA) fell 4.1% to $5.00, though no specific catalyst was announced for the decline.
The premarket session often sets the tone for the trading day, though these early moves don't always hold once the opening bell rings and more investors pile in. Still, they offer a useful snapshot of which stocks are capturing attention and why.
