SPMO is trading at $142.71 (+1.53%) as renewed enthusiasm for AI after Anthropic’s IPO filing supports technology and semiconductor shares.
- Chip stocks are also finding support from Nvidia’s announced investment in Meta’s equity offering and improved AI-market sentiment.
- The broader market is higher, with the Nasdaq Composite up 1.15%; SPMO’s large technology allocation likely amplifies that tailwind.
- The Fed meeting is underway, with investors awaiting Wednesday’s decision.