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The CoinShares Bitcoin Mining ETF (WGMI) roseate 12% to a grounds $33.13 connected Tuesday arsenic Nebius Group’s $17.4 cardinal statement to proviso GPUs to Microsoft boosted crypto mining and AI-related stocks crossed the board
The exchange-traded money is present 44% higher year-to-date and has surpassed its marketplace debut level of astir $30.
The apical 2 holdings person been standout performers year-to-date:
- IREN (IREN) has surged 188%
- Cipher Mining (CIFR) has climbed 90%
WGMI manages $175.7 cardinal successful full assets with an disbursal ratio of 0.75%.
AI momentum
The Nebius-Microsoft woody sparked a rally successful AI-focused mining stocks connected Tuesday, adding to momentum from the broader AI movement.
AI euphoria besides boosted Oracle (ORCL), which surged 30% successful pre-market trading connected Wednesday. The company, a database bundle developer that has pivoted to unreality computing, raised its unreality gross maturation forecast to 77% connected soaring AI demand, according to Financial Times. Its backlog surged 359% to $455 billion, fueled by monolithic AI-driven unreality contracts.
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