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AI-driven Etf Rebalances
Description
Exchange-traded fund AMOM, which is driven by AI, was rebalanced in early August. The fund sold significant chunks of its holdings in cybersecurity solutions Fortinet Inc. and online dating services provider Match Group ($MTCH@US). It acquired stakes in Advanced Micro Devices ($AMD@US), Snapchat ($SNAP@US), and Zoom ($ZM@US). The ETF has a history of accurately predicting the price movements of Tesla ($TSLA@US).
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