SPRX is trading at $48.90, up +4.16%, after the July employment report showed 23,000 jobs lost, easing rate-hike concerns and supporting rate-sensitive technology shares.

  • The result contrasted with expectations for roughly 80,000–83,000 additions.
  • SpaceX committed to using NVIDIA systems exclusively for future AI infrastructure, including orbital computing, renewing AI enthusiasm.
  • Strong outlooks from Atlassian and Microchip Technology further supported technology sentiment.