Bitcoin Miner Skyrockets on S&P 500 Update: AI Play’s Notable Rise (BTC)
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- Vistra (VST), an electric and power generation firm, is set to join the S&P 500 index, replacing Pioneer Natural Resources (PXD) which is being acquired by Exxon Mobil (XOM).
- Bitcoin miner Marathon Digital (MARA) will be added to the S&P SmallCap 600, while heating and AC company AAON (AAON) will move up to the S&P MidCap 400 index, taking the place of Vistra.
- Vistra’s stock has seen a significant increase, with shares soaring 116% in 2024 due to the increased power needs of data centers amidst the AI boom.
Vistra joins S&P 500 as shares soar amidst AI boom, while Marathon Digital and AAON also see changes in their S&P index placements.
Vistra Joins S&P 500
Vistra (VST), a leading electric and power generation firm, is set to join the S&P 500 index before Wednesday’s open, according to an announcement by S&P Dow Jones Indices on Friday. The move comes as Pioneer Natural Resources (PXD), the current occupant of the slot, is being acquired by Exxon Mobil (XOM). Vistra’s stock has seen a significant increase, hitting fresh all-time highs with a 2.15% rise to 83.24. The company’s shares have skyrocketed 116% so far in 2024, largely due to the increased power needs of data centers amidst the AI boom.
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