News

Constituent stock Sandisk closed up 11.83%, bringing its cumulative gain this year to 301%; Rambus rose 2.46%, Seagate Technology gained 2.02%, while Western Digital, Micron Technology, and Lam Research each increased by at least 1.39%. Teradyne (TER) gained 0.58%, while Applied Materials closed down 0.94%. Outside of the constituent stocks, Oracle closed up 12.69%, posting its best single-day performance since September, finishing at $155.62. The Information Technology Index rose 3.66%, hitting a new intraday high of 303.22 points. The Artificial Intelligence (AI) Winners Index climbed 2.56% to 322.74 points. The AI Software Pioneer Index surged 6.56% to 89.79 points. Within the Invesco Semiconductor ETF, the Dynamic Semiconductor ETF closed up 2%, the Semiconductor Industry Index ETF rose 1.64%, the S&P 500 Semiconductor & Semiconductor Equipment Index increased 1.02%, the S&P Semiconductor Index grew 1.06%, the S&P Semiconductor Select Industry Index was up 1.80%, and the S&P 500 Semiconductor Manufacturing Equipment Index rose 0.73%.

This initiative aims to enhance shareholder value by optimizing the capital structure, and the buyback price, set at a small discount to the current net asset value, demonstrates the fund manager's precise control over capital efficiency. This tender offer will be proportionally open to all common shareholders, with specific terms and execution details to be disclosed in subsequent announcements. Market analysis suggests that this action may reflect the fund's intention to correct the deviation between the current share price and intrinsic value, while also providing investors with a new option for liquidity management.

This executive sold 19,500 Class C common shares of a certain exchange at an average price of $182.53 per share. After the completion of this transaction, the number of technology shares of the exchange directly held by Kennedy decreased accordingly.