Leaders at Oracle , the main cloud computing provider for TikTok's U.S. operations, have told some staff to prepare to shut down servers that host U.S. TikTok data as soon as 9 p.m. ET on Saturday (0200 GMT on Sunday) in advance of a U.

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TikTok said Sunday it was beginning to restore service for US users after going dark overnight following a new law that effectively banned the app.

Experts have indicated that common workarounds, such as VPNs, may not be effective due to the app's ability to detect user locations through geolocation data.

Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI,

TikTok and its Chinese parent company are facing off against the Justice Department Friday in a hearing before the Supreme Court that will help determine the fate of the popular social media app.

They also said Microsoft Corp. (MSFT), a past TikTok suitor, might end up interested again, and there might be interest from Walmart Inc. (WMT) or Oracle Corp. (ORCL), which at one point in 2020 looked on track to each acquire stakes in the video-sharing app.

Investing.com-- President Donald Trump said on Tuesday that he would be open to letting Tesla (NASDAQ: TSLA) CEO Elon Musk or Oracle (NYSE: ORCL) head Larry Ellision purchase TikTok under a joint venture with the U.S. government.

The sharp move came as the S&P 500 and the Nasdaq Composite gained 0.7% and 1.3%, respectively. Oracle is at the heart of Project Stargate, the new artificial intelligence (AI) initiative announced by President Trump on Tuesday.

The stock was also trending after Trump reportedly said at event on Tuesday that he would be open to Oracle chairman Larry Ellison or Tesla ( TSLA) CEO Elon Musk purchasing social media app TikTok, as part of a joint venture with the US government.

Day two of Donald Trump's second presidency culminated in an announcement that OpenAI, SoftBank Group and Oracle (NYSE: ORCL) will form a venture called Stargate and invest $500 billion in AI infrastructure across the United States, though how much of that was already long planned is anyone's guess.