SPMO is trading 1.83% up today as Intel's nearly 20% surge following a strong Q1 2026 earnings beat provides a significant lift to the momentum-focused ETF.
- Intel reported revenue of $13.6 billion and EPS of $0.29, significantly exceeding analyst expectations and highlighting robust demand for AI chips and semiconductors.
- With Information Technology representing 46.9% of the SPMO portfolio, the fund is benefiting from broader tech momentum and positive earnings from peers like Texas Instruments and Lam Research.
- Market sentiment is further bolstered by diplomatic progress in U.S.-Iran ceasefire negotiations, which helped the Nasdaq rise 0.76% and offset earlier concerns regarding elevated corporate capex.