State Street Technology Select Sector SPDR ETF is trading 1.5% up today as investors rotate back into large-cap tech and AI beneficiaries following a recent pullback.
- Renewed enthusiasm for AI infrastructure is fueling the rally, supported by Nvidia’s bond-financed expansion plans and TSMC’s accelerated next-gen AI chip packaging roadmap.
- Macroeconomic tailwinds, including falling energy prices and stable interest rate expectations ahead of the Federal Reserve’s policy meeting, are providing additional support for growth and tech valuations.