SPTE is trading at $47.66 (+4.28%) as pre-market strength is driven by a rebound in semiconductors following TSMC’s record earnings and expanded U.S. investment plans.
- The recovery in chip sentiment follows yesterday’s tech weakness, though Nasdaq futures remain under pressure as investors rotate amid AI valuation concerns.
- Broader support is coming from a sector-wide recovery in chip names, occurring despite a risk-off backdrop fueled by Middle East tensions and higher oil prices.