IGV is trading 2.3% down today as the technology sector faces significant headwinds from Meta Platforms' massive AI infrastructure spending guidance and legal shifts in U.S. trade policy.
- Meta's $145 billion AI spending outlook for 2026 triggered a 9% drop in its stock, dragging down the broader software sector despite an earnings beat.
- A U.S. federal trade court ruling declaring 10% global tariffs unlawful has introduced fresh uncertainty into tech supply chains and future trade strategy.
- While individual stocks like AKAM (+25%) and DDOG (+30%) posted gains, IGV remains pressured due to its 95.7% concentration in Information Technology.