SP Funds S&P Global Technology ETF is trading 1.6% higher today, recovering a portion of its June 16 decline as information technology shares stabilize ahead of the Federal Reserve’s upcoming policy decision.
- The sector is benefiting from renewed enthusiasm surrounding artificial intelligence infrastructure, specifically following Nvidia’s bond-financed expansion plans and TSMC’s accelerated roadmap for next-gen AI chip packaging.
- These developments have strengthened demand expectations for semiconductors and hardware suppliers, providing a significant sentiment boost to the broader technology sector.