🔴 SPMO is trading 3.1% down today on broad tech selloff and rising AI infrastructure costs

SPMO is trading 3.1% down today as its information technology-heavy portfolio (56.4%) is hit by a broad decline in tech shares.

• Semiconductor and hardware names are under pressure amid rising AI infrastructure and memory costs following price hikes from major manufacturers and Apple.
• The wider market is showing significant weakness, with the S&P 500, Nasdaq, and Dow all trading lower, reinforcing risk-off sentiment toward growth and AI-linked technology stocks.