SPRX is trading 4.8% down today as the information technology sector continues to digest heavy AI-related capital spending and recent earnings disappointments from major tech names.
- Technology remains under pressure following Alphabet’s capex shock and weak sentiment surrounding expensive AI infrastructure.
- Lingering trade-tariff uncertainty is weighing on the high-growth, AI-focused tech stocks that dominate the SPRX portfolio.
- While broader equities are relatively stable, the tech sector is struggling to maintain momentum amid these fundamental headwinds.