🟢 Tech ETF (SPTE) is trading 6.87% up in pre-market, despite Nasdaq futures falling more than 2%

SPTE is trading at $51.14, up 6.87% in pre-market, despite technology shares and Nasdaq futures moving lower.

• Reports cite renewed doubts about returns on AI spending after results from Amazon and Intel, extending pressure from Alphabet’s prior-session selloff.
• Nasdaq futures were reported down more than 2%; available coverage does not explain SPTE’s move higher.