SPMO is trading 1.6% higher today as strong semiconductor earnings and easing geopolitical tensions drive a broad tech sector rally.
- The ETF’s 48.7% allocation to information technology is benefiting from significant gains in AMD (+17-19%) and SMCI (+13-19%) following blowout AI and data center results.
- Market sentiment is bolstered by a de-escalation in US-Iran tensions, which lowered oil prices and contributed to a 1.13% rise in the Nasdaq.