SPRX is trading 2.2% up as risk sentiment improves across the information technology sector, supported by easing inflation fears and positive developments in the semiconductor industry.
- Lower oil prices following a pause in U.S.-Iran hostilities are reducing concerns over inflation and potential Fed actions, providing a tailwind for growth stocks and Nasdaq futures.
- Sentiment is further bolstered by the Samsung–Broadcom long-term AI supply deal, which has increased market expectations for sustained global demand for AI and chip technologies.