SPMO is trading 1.5% up today as information technology stocks lead the Nasdaq, helped by NVIDIA’s 1.8% rise after announcing its $12.9 billion Hugging Face acquisition.
- Broadcom fell 2.7% after weaker fourth-quarter guidance, limiting semiconductor-sector gains.
- Stronger-than-expected August payroll growth is lifting Treasury yields and pressuring rate-sensitive growth shares.
- Technology leadership is outweighing broader market weakness and Broadcom-related caution.