SPTE is trading at $49.00, up 4.1% in pre-market action, reversing part of the prior session’s tech selloff linked to concerns over AI profitability and stretched semiconductor valuations.
- Major indices and Nasdaq-100 futures turned modestly higher overnight, suggesting investors are bargain-hunting in beaten-down technology shares.
- Market sentiment is stabilizing ahead of key upcoming catalysts, including Thursday’s PCE inflation data and Micron’s earnings report.
- The upward move helps ease the intense selling pressure seen on June 23, which was driven by fears over AI-related valuations.