SPTE is trading higher at $50.50 (up 2%) in pre-market action, driven by continued enthusiasm for AI-related semiconductors and a rebound following a recent sector pullback.
- Gains are supported by strength in names like Micron and Samsung’s accelerated mega-fab construction, which bolster the broader information technology sector.
- The move comes as tech stocks buck a trend of modestly lower broader index futures ahead of Thursday’s key PCE inflation report.
- With no major U.S. economic data scheduled for today, investor attention remains focused on rate expectations and semiconductor growth drivers.