TikTok USDS Joint Venture, which operates TikTok in the U.S., is looking to secure multiple gigawatts of computing capacity, according to sources told CNBC. One source said the target is four gigawatts of compute power by the early 2030s. A spokesperson said the platform runs primarily on Oracle Cloud Infrastructure, which will remain its primary cloud provider. The joint venture, established in 2026 under a U.S. executive order requiring divestiture from ByteDance, has three managing investors, Silver Lake, Oracle and MGX, each holding 15%, while ByteDance retains 19.9%.
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data centerscloud computingOracle
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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