SPTE is trading 1.6% lower in pre-market sessions as the information technology sector faces continued pressure following a sharp AI- and semiconductor-led rout in mid-July.
- Investors are rotating capital toward software and broader tech while reassessing elevated valuations in AI infrastructure plays.
- The decline comes despite broadly higher U.S. index futures, highlighting persistent caution regarding chipmakers and high-growth tech segments.
- Market sentiment remains weighed down by the recent sector-wide selloff as traders demand more attractive entry points for tech-heavy ETFs.