SPRX is trading 2.6% down today as the information technology sector faces pressure from a broader sell-off in Nasdaq futures and global tech leaders.
- Investors are rotating out of expensive AI and semiconductor plays in favor of industrial and value sectors.
- The decline follows sharp overnight losses in major global tech names, including Apple, as concerns over AI infrastructure costs weigh on growth stocks.
- Gains from the previous session's Micron-led rally are fading amid profit-taking and renewed sector-wide volatility.