SPTE is trading at $46.50 (up 5.1%) as the information technology sector rebounds from recent concerns over AI capital expenditure and sector rotation away from growth stocks.
- The move follows a weak regular session on July 27 where heavy AI capex and chip demand worries weighed on the sector.
- Investors are aggressively bidding up tech exposure in anticipation of upcoming key earnings reports and the next Federal Reserve meeting.
- Lighter after-hours liquidity is likely amplifying the price action as sentiment shifts back toward the technology sector.