IGV is trading at $110.44, up 1.59%, with the gain appearing to reflect selective buying in beaten-down application-software shares.
- Reports said software names including ServiceNow, Adobe and Workday rallied while semiconductor shares fell, consistent with rotation within technology rather than a broad market surge; AI-spending worries weighed on chips and megacap technology.
- A mixed market and elevated oil-related risk remain counterweights; available reporting establishes no specific catalyst among IGV holdings.