SPMO is trading 3.4% higher as its heavily weighted information technology holdings rally alongside Nasdaq futures following strong semiconductor earnings.
- Micron Technology’s earnings beat and robust AI memory guidance, combined with Qualcomm’s after-hours surge on data-center CPU plans, are lifting the semiconductor complex.
- Investors are rotating back into growth and AI-exposed tech after the recent sector rout, ahead of key GDP and durable-goods data releases.