IGV is trading 1.5% up today as a strong semiconductor rally and optimism surrounding AI-related earnings drive gains across the information technology sector.
- A surge in chip stocks is currently offsetting renewed geopolitical tensions between the U.S. and Iran, providing support for high-valuation growth and software names.
- With no major economic data or Federal Reserve releases scheduled, the upward move appears to be fueled by sector rotation into tech and anticipation of upcoming earnings reports.