BUZZ-Destiny Tech100 set to extend rally on AI fervor, private tech demand
Destiny Tech100 Inc DXYZ | 0.00 |
** Shares of Destiny Tech100 DXYZ.N climb 9.8% premarket, set to extend gains after last week's rally
** Stock buoyed by AI enthusiasm and resilient demand for exposure to private tech leaders
** The company has become a proxy for retail investors to get access to companies such as SpaceX, Anthropic and OpenAI
** Sentiment towards the stock is often driven by headlines around its portfolio companies and broader risk appetite'
** Last week, the Financial Times reported that Anthropic was weighing a funding round that would take its valuation past OpenAI's
** SpaceX is also on course for an IPO in June that could value it at $1.75 trillion, Reuters has reported
** YTD, DXYZ has gained 78.3% as of Friday's close
