SPTE is trading 2.4% down today as a severe semiconductor selloff extends a multi-day decline in global technology shares.
- Investors remain cautious about heavy AI-related capital spending, emerging competition from Chinese chipmakers, and heightened geopolitical and Fed policy risks.
- Sector sentiment is fragile ahead of major earnings from Microsoft and Meta and an FOMC statement later in the day.
- Nasdaq futures are slightly lower as the tech sector faces continued pressure from broader market uncertainty.