IGV is trading 1.5% down in pre-market sessions as broader technology weakness persists, with the ETF giving back a portion of its recent AI-software-driven gains.
- The move follows a downturn in the Nasdaq and S&P 500 triggered by renewed concerns regarding the high capital costs of AI infrastructure.
- Software stocks are facing continued sector-wide profit-taking as investors pull back from major tech names following a period of heavy selling.