Shares of SoFi Technologies Inc (NASDAQ:SOFI) have surged 11% since Monday’s open to $12.20. The broader market is higher for the week after President Donald Trump said he has no intention of firing Fed Chair Jerome Powell. Trump this week also indicated the final tariff rate with China would be “substantially” lower than the current 145% but not 0%.
SoFi on Tuesday also announced a strategic expansion into alternative investments, signaling a deepening commitment to democratizing access to private markets.
What To Know: SoFi’s gain this week likely reflects investor optimism around SoFi's move to broaden offerings within its Cosmos Fund, now including exclusive exposure to AI innovator Anthropic.
This expansion follows SoFi's December 2024 launch with Templum, which opened access to previously exclusive assets like SpaceX, and top-tier private equity funds Pomona and StepStone.
Tuesday's development builds on that foundation by tapping into explosive investor demand--SoFi's 2024 survey revealed that 87% of retail investors want access to private firms, particularly in AI and tech.
By leveraging its tech-forward platform and partnership with Templum, SoFi positions itself uniquely in a crowded brokerage landscape, targeting a gap traditional firms largely ignore. Anthropic, a rising star in generative AI, adds both buzz and tangible value to the offering.
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How To Buy SOFI Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in SoFi Technologies’ case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, SOFI has a 52-week high of $18.42 and a 52-week low of $6.01.
