Wu said he learned that Fundstrat founder Tom Lee posted that the relative performance of “AI downstream” assets has continued to strengthen. In particular, Ethereum (ETH) expanded its relative excess return versus the DRAM ETF to 7,200 basis points (i.e., 72 percentage points) over the past month. Specifically, ETH rose 24% during the period, while the DRAM ETF fell 38%.

ETH0.56%
DRAM-1.46%
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