SPTE is trading 9.4% higher today as information technology shares rebound from a severe semiconductor-led selloff and multi-day sector weakness.
- Traders are positioning ahead of the FOMC statement and key mega-cap AI earnings, with risk appetite improving after the recent global chip rout that impacted major tech indices.
- Dip-buying is lifting the sector pre-market, though geopolitical tensions and concerns regarding AI capital expenditure remain on the radar for investors.