SPTE is trading 5.3% up today, rebounding after several days of declines as it tracks a sharp recovery in semiconductor and broader tech futures following an AI-spending-led selloff earlier this week.
- Improving risk sentiment and strong pre-market gains in key chip equipment names are lifting the information technology sector.
- The rebound comes as investors anticipate major U.S. tech earnings, helping to offset lingering concerns over Meta’s heavy AI capital expenditure and weakness in Asian semiconductor markets.