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Benzinga
Benzinga
Business
Chandrima Sanyal

Oracle Stock Breakout Sends AI ETFs To 52-Week Highs—Chip Demand, Rate Bets Add Fire

ETF Oracle Nasdaq Artificial Intelligence
OracleDeerfield,-,Circa,June,2019:,Oracle,Corporation,Location.,Oracle,Offers

AI–oriented ETFs are surfacing on a wave of optimism, with three top-performing funds reaching new 52-week highs. The Amplify AI Powered Equity ETF (NYSE:AIEQ) reached $44.57 on Thursday, up 42.5% off its low, the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) opened with $47.38 on Friday, up more than 54% off its low, and the KraneShares Artificial Intelligence & Technology ETF (NASDAQ:AGIX) shot up to $35.98, a nearly 72% recovery.

AGIX ETF has gained more than 4% in the past week. Check its live prices here.

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