SPRX is trading 1.9% higher in after-hours sessions as a strong earnings report from Micron Technology (MU) lifts the broader semiconductor and AI sectors.
- Micron reported Q3 revenue and profit growth far above analyst expectations, serving as a key positive bellwether for global AI and memory chip demand.
- The upbeat results are easing recent sector-wide fears and driving a rebound in high-beta technology names, which directly supports SPRX given its heavy information technology exposure.