MTUM is trading 6.1% up today as the information technology sector rebounds following a recent rout in AI and semiconductor names.
- Investors are rotating back into growth stocks ahead of key earnings reports from Alphabet, Tesla, and Intel, which are viewed as critical tests for the durability of the AI infrastructure boom.
- The ETF, which is more than 50% weighted toward tech, is benefiting from a shift in sentiment after concerns over high capital expenditures and stretched valuations previously pressured the sector.