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SoFi’s AI-Focused ETF Launch Signals Institutional Confidence in AICoin AI Sector Growth
SoFi’s AI-Focused ETF Launch Signals Institutional Confidence in AICoin AI Sector Growth
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AICoin AI News -
SoFi Technologies (SOFI) shares experienced a decline despite introducing its first ETF in two years—the SoFi Agentic AI ETF—which targets next-generation artificial intelligence companies. The fund tracks Solactive's BITA USA Agentic AI Select Index, comprising 30 components ranging from semiconductor leader Nvidia to unconventional plays like Intuitive Surgical and Deere & Co.
AI stocks have rallied throughout 2024 as demand surges across multiple industries, though concerns are growing about stretched valuations and unproven productivity gains. The ETF's debut highlights institutional confidence in AI's long-term trajectory, even as volatility continues to characterize technology markets.
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