Bitcoin, Nvidia And Tesla ETFs Lead Wall Street’s Most Traded Funds
Bitcoin ETF BITO leads the most traded ETFs, while leveraged Nvidia, Tesla and semiconductor funds dominate Wall Street’s trading activity.
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Elon Musk Backs Micron As MU Stock Falls 25%: Is This Memory ETF an AI Stock Bargain?
Elon Musk praises Micron even as the stock is down 25% from its recent peak. Can the DRAM ETF offer a smarter way to play the AI boom?
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Why SandiskStock Keeps Going Down
Sandisk stock has declined 11% over three days amid investor panic over Chinese DRAM company CXMT's progress in memory chip technology. However, analysts argue the sell-off is unwarranted since CXMT makes DRAM while Sandisk makes NAND memory—different technologies with limited direct competition. CXMT's products are likely years away from mass production and may not be suitable for AI data centers.
Shares of semiconductor and chip companies are trading lower amid elevated expectations for Fed rate hikes due to broader inflation and energy challenges. Higher borrowing costs may affect the sector's ambitious capex plans while also creating risks for customers, which may be reflected in lower demand.
State Street, Fastenal And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session
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