10 Stocks Dominating Today’s Market Action

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1. Galaxy Digital Inc. (NASDAQ:GLXY)

Galaxy Digital rebounded by 17.70 percent on Wednesday to finish at $24.34 apiece as investors shifted to its US shares following news that it would voluntarily delist from the Toronto Stock Exchange (TSX) this month.

In a statement, Galaxy Digital Inc. (NASDAQ:GLXY) said that its board of directors decided to delist the company from the TSX effective March 19, 2026, to focus on its Nasdaq listing, given that the majority of its average daily trading volume is executed on the Nasdaq and other US markets.

It said the initiative would also help cut additional expenses and administrative requirements associated with its dual listing.

Galaxy Digital Inc. (NASDAQ:GLXY) is not required to seek approval of its shareholders, given that an alternative market is available to trade its Class A common shares.

In relation to the delisting, Galaxy Digital Inc.’s (NASDAQ:GLXY) ongoing share buyback program for its Canadian shares will likewise cease on the delisting date, but repurchase transactions for shares on the Nasdaq would continue on a normal basis and would not exceed 5 percent of the outstanding Class A common stock at any time or within the 12-month period.

In other developments, the company rallied alongside its counterparts after Bitcoin surged by as much as 8 percent during the trading session.

While we acknowledge the potential of GLXY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GLXY and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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