By DJ Shaw
Publication Date: 2026-04-22 12:00:00
The (OGIG ) rose 8.4% last week, making it the top performer ALPS A handful of technology and e-commerce stocks delivered double-digit gains ETF Database.
- OGIG rose 8.4% last week as Oracle and DoorDash benefited from AI infrastructure and the development of autonomous delivery technologies.
- Tech stocks made up 46% of the fund and returned 11.8%, led by Australian software companies Wisetech Global and Xero.
- Oracle rose 14.1% despite announcing 30,000 layoffs worldwide as investors focused on its power generation deal for AI data centers.
The fund’s rally was driven in part by (ORCL) 14.1% increase and (HYPHEN) 18.9% increase last week, according to VettaFi. The appearance highlights how infrastructure bottlenecks and autonomous delivery technology are changing the competitive landscape for Internet companies.
Oracle stock rose after the company formalized a major agreement to provide solid oxide fuel cell systems capable of up to 2.8 gigawatts…
