IGV is trading at $92.29 (-1.50%) as the software sector slides in tandem with a broader technology risk-off move and a global selloff in semiconductors.
- Weakness in AI-related leaders like NVIDIA and TSMC is pressuring high-valuation software stocks and pulling the sector lower with the NASDAQ.
- Sentiment is further dampened by hawkish Fed commentary and escalating U.S.-Iran geopolitical tensions, impacting growth-oriented assets.