SPMO is trading 2.4% up today as the information technology sector stabilizes following a sharp AI-chip selloff and investors rotate capital from semiconductor hardware into broader software and large-cap tech names.
- Improving sentiment ahead of major US Big Tech earnings reports is supporting momentum-focused ETFs as investors adopt more selective positioning in AI-related plays.
- The rotation into large-cap tech comes despite lingering valuation concerns and geopolitical tensions that previously pressured the sector.