SPRX is trading 2.4% up today as the information technology sector recovers from last week’s sharp AI-driven selloff.
- Improved risk sentiment toward AI infrastructure and semiconductors is supporting a broad move higher across the tech sector.
- Markets are seeing a partial unwind of fears regarding excessive AI capital expenditure (capex) ahead of upcoming megacap tech earnings.
- The ETF is outperforming after several days of volatility, bolstered by futures-linked optimism and a recovery in data-center plays.