🟢 Momentum ETF (MTUM) is trading 1.52% up in pre-market as SpaceX results renew AI-demand optimism

MTUM is trading at $300.33 (+1.52%) pre-market as technology shares rebound amid renewed AI-demand optimism.

• Strong SpaceX results and higher Super Micro Computer guidance renewed optimism about AI demand. Asian chipmakers also rallied, extending the sector rebound.
• U.S. futures were higher, with Nasdaq futures up 0.70%; no major U.S. economic indicators were scheduled before the open.
• The technology-led recovery is a plausible driver, given MTUM’s 54.4% information technology allocation.