Category: Spinoffs
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A GE spinoff’s stock is surging as it positions itself as the ‘supermarket’ for AI energy demand
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The massive demand for energy as big tech companies race to build out their AI infrastructure has been a tailwind for GE Vernova (GEV), the energy equipment maker that spun off the iconic GE earlier this year. Shares of the Cambridge, Massachusetts-based company have been hovering near all-time highs, along…
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Here’s What To Know On Grayscale Bitcoin & Ethereum ETF Spinoffs – Details
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Prominent asset manager Grayscale Investments is preparing to launch derivatives of its Grayscale Ethereum Trust (ETHE) and Grayscale Bitcoin Trust (GBTC) exchange-traded funds. Following inquiries from market watchers and potential investors, Bloomberg analyst James Seyfart has provided plenty of insight into what these funds are and how they will operate.…