NVIDIA CorporationNVDA
Mentioned
Impact on stocks 1
Artificial Intelligence
NVIDIA CorporationBreakwave Dry Bulk Shipping ETF Surges 1,168% Since Iran War Began as Gold Falls 17%
CommodityPrice ActionGeopolitics Impact 4
The Breakwave Dry Bulk Shipping ETF, trading under the ticker BWET, rose 1,168.62% from February 27 to September 11, 2026, while the SPDR Gold Trust, known as GLD, fell 17.57% over the same period. Measured from the close on February 27, the last trading day before US and Israeli strikes on Iran began on February 28, BWET climbed from $57.30 to $726.92, while GLD dropped from $483.75 to $398.77. Over that identical window, NVIDIA gained 23.48%, Invesco QQQ Trust rose 17.72%, iShares Bitcoin Trust ETF added 17.69%, and SPDR S&P 500 ETF Trust gained 11.41%, leaving BWET isolated far outside the band where the major indexes, bitcoin, and the market's most talked-about AI stock clustered. According to The Guardian, the Strait of Hormuz was effectively closed soon after the first day of strikes, cutting off more than 100 vessels that normally passed through daily and about a quarter of the world's seaborne oil trade, which made available shipping routes the conflict's scarcest asset and drove violent repricing in freight rates. BWET's year-to-date figure of 3,673.35% is circulating as a war statistic, but that framing misleads: the fund closed 2025 at $19.26 and had already run to $57.30 by February 27, before a single strike, so the war-driven portion is the 1,168.62%.
NVIDIA Corporation