🟢 IPO is trading 1.7% up today as tech stabilizes after AI selloff and Micron earnings

IPO is trading 1.7% higher at $57.39 as the technology sector stabilizes following a global AI selloff and strong Micron earnings.

• The information technology sector, which makes up 44.2% of IPO, is rebounding after several sessions of technology-led weakness.
• Micron’s stronger-than-feared earnings have helped calm investor concerns regarding the durability of AI-related demand.