SPMO is trading 2% up today as the information technology sector rebounds alongside broader U.S. indices following last week’s global semiconductor selloff.
- Investors are re-entering beaten-down AI and chip names while shifting focus toward upcoming megacap earnings reports.
- Sentiment is bolstered by massive long-term AI infrastructure commitments, including Oracle’s participation in the $500 billion Stargate project.
- The ETF is benefiting significantly from its heavy concentration in IT, which accounts for over half of the fund's total exposure.