SPTE is trading 2.5% up today as investors rotate back into AI and semiconductor names following Micron’s blowout earnings and upbeat guidance.
- Strong premarket gains in Micron, Qualcomm, and IBM have revived confidence in AI-related spending and chip demand, helping the tech sector outperform broader indices.
- The move marks a relief rally for the information technology sector following recent weakness tied to profit-taking and AI valuation fears.