IGV is trading 1.5% higher as software and broader tech stocks extend a rebound fueled by strong cloud and AI-related earnings from Amazon and Microsoft.
- Cooling PCE inflation data and a steady Federal Reserve policy stance have bolstered investor sentiment across the technology sector.
- Despite pressure in semiconductor names and ongoing geopolitical tensions, investor focus has shifted back to long-term software and cloud growth.
- The sector's gains are moving in line with the broader Nasdaq’s continued strength following recent earnings reports.