MTUM is trading at $313.62, +1.71%, benefiting from its heavy 49.0% information technology allocation as upbeat CoreWeave and Super Micro Computer results revived enthusiasm for AI infrastructure.
- Both companies reported strong demand and optimistic outlooks.
- July CPI rose 0.1% monthly and 3.4% annually, matching expectations and easing rate-hike concerns.
- Lower Treasury yields and gains across major indexes are supporting growth-stock risk appetite.