SPMO is trading 2.4% up today as its heavy 48.7% information technology weighting capitalizes on broad sector gains and AI-driven tailwinds.
- The Nasdaq Composite rose 1.19% following news of SK Hynix securing funding for HBM production, further boosting semiconductor sentiment.
- Tech leadership remains resilient ahead of Apple earnings, supported by recent beats from AMD and SMCI that have offset broader geopolitical concerns.