IGV is trading 1.5% down today as investors rebalance within the tech sector following recent semiconductor volatility and ahead of key mega-cap earnings reports.
- Software remains under pressure due to lingering AI valuation concerns and recent bear-market technical damage within the group.
- Market participants are positioning ahead of Alphabet's earnings, which are expected to shape sentiment regarding AI-driven software demand.
- The sector's weakness persists despite gains in major indices, reflecting a continued rotation within the technology landscape.