SPTE is trading 1.7% higher as information technology stocks rebound from last week’s sharp AI-driven selloff and semiconductor bear-market concerns.
- Investors are selectively rotating back into the tech sector ahead of key megacap earnings, aligning with broader strength in the NASDAQ and S&P 500.
- Massive new AI infrastructure commitments, including Oracle’s $500 billion Stargate project, continue to support the long-term demand story despite recent valuation worries.