SPMO is trading 4.6% up today as its information technology exposure benefits from a sharp rebound in AI and semiconductor names following Micron’s blowout earnings and upbeat guidance.
- Broader futures strength in the Nasdaq 100 and renewed risk-on sentiment toward AI infrastructure are lifting large-cap growth and tech-heavy portfolios.
- The rally helps SPMO reverse part of its recent multi-day tech selloff, signaling a return to momentum-driven growth strategies.