SPTE is trading 3.38% down today as OpenAI, Anthropic and Elon Musk urged slower advanced-AI development.
- Nasdaq futures fell about 1.7% before the open; NVIDIA and other semiconductor shares weakened amid chip-demand and AI-investment sustainability concerns.
- Risk-off trading: Rising oil prices after a Saudi pipeline shutdown, while expectations for imminent rate hikes pressure growth stocks; Nasdaq Composite down 0.78%, S&P 500 down 0.52%.
- SPTE’s 54.3% information-technology allocation makes it particularly sensitive to the selloff.