SPRX is trading 3% higher as technology stocks rebound ahead of Nvidia’s August 26 earnings report.
- Investors are repositioning ahead of the week’s key AI-demand test.
- Nvidia-related semiconductor weakness had previously pressured technology stocks, while Tuesday’s recovery lifted Nasdaq futures and the broader sector.
- Iran-related sanctions risk, elevated oil prices, Treasury yields, and the August 25 Consumer Confidence report remain countervailing risks.