SPRX is trading 2.3% higher as the information technology sector rebounds from a recent AI and semiconductor sell-off, helped by Micron’s blowout earnings and upbeat AI demand commentary.
- AI-focused chip and hardware names are bouncing back, lifting tech-heavy ETFs concentrated in semiconductors and next-gen infrastructure plays.
- The recovery in these specific segments comes despite a broader market rotation out of mega-cap technology stocks.
- Micron's strong performance and positive outlook have served as a primary catalyst for the rebound in AI-linked hardware and semiconductor names.