Invesco S&P 500 Momentum ETF is trading 2% up today as information technology, which accounts for over half of the ETF’s weight, outperforms the broader market.
- Strong AI-related demand and a rebound in U.S. tech and semiconductor names after the recent sell-off are supporting sector momentum.
- NVIDIA’s continued AI expansion, including new cloud and infrastructure partnerships in South Korea, is lifting sentiment across high-momentum chip and tech stocks.
- These sectors remain key drivers in the SPMO portfolio, benefiting from renewed investor confidence in high-growth assets.