SPTE is trading 3.9% up today as the technology sector sees a partial recovery from a sharp multi-day selloff triggered by concerns over AI infrastructure spending and stretched valuations.
- Traders are bargain-hunting in beaten-down semiconductor and large-cap tech stocks following recent pressure on firms like TSMC and Oracle.
- Nasdaq-100 futures indicate a shift toward risk-on sentiment, though broader macro risks including Middle East tensions and oil-driven inflation remain elevated.
- The rebound reflects a stabilization in sentiment toward the information technology sector rather than a single stock catalyst or new economic data releases.