ICE shares rose 2.9% following the announcement of plans to launch GPU compute futures contracts with NATIVX. This move aims to enter the high-tech market driven by demand for artificial intelligence computing. On July 6, ICE reported a 20% year-over-year increase in total open interest for June and the second quarter of 2026. On July 7, UBS lowered its price target for ICE shares from $205 to $190 but maintained a 'Buy' rating despite the reduction, which is attributed to weaker-than-expected trading volumes in Q2 2026.
UBS lowered its ICE price target to $190 following weaker-than-expected Q2 trading volumes, while maintaining a Buy rating on the stock.
Read the full storyICE reported a 20% year-over-year jump in total open interest for Q2 2026, fueled by robust activity across energy and financial derivatives.
ICE shares gained 2.9% following the announcement of new derivative products targeting the surging demand for AI computing infrastructure.