Shares of Galaxy Digital Inc. (NASDAQ:GLXY) are trading higher Monday as interest in crypto-related equities continues to rise following several catalysts tied to institutional backing, AI infrastructure developments and broader sector momentum.
What To Know: The move in Galaxy Digital shares comes after Fundstrat’s head of digital asset strategy, Sean Farrell, labeled Galaxy as "one to watch" in a June 26 note that linked AI-driven M&A activity and U.S. fiscal policy trends to a more favorable outlook for names like Galaxy Digital. The commentary, which also referenced the potential CoreWeave acquisition of Core Scientific, reinforced Galaxy's strategic relevance as a digital infrastructure player.
