SPRX is trading 1.62% higher as semiconductor stocks lead a broader information technology rebound.
- Softer Treasury yields, with the 10-year yield below 5%, and retreating oil prices are supporting growth-oriented technology shares.
- NVIDIA’s forecast that chip sales could double next year is reinforcing AI-investment optimism; Intel, AMD, and Micron are also contributing to semiconductor strength.
- The move follows the Federal Reserve’s September 16 rate hike, while markets respond more positively to easing yields and reduced immediate policy uncertainty.