IGV is trading 3.5% higher today following Palantir’s blowout Q2 results and raised full-year guidance, which have sparked renewed optimism for AI-driven data analytics and software demand.
- The rally reflects a broader risk-on move in U.S. equities, with major indexes climbing as tech and AI-related names lead the market advance.
- Palantir's strong performance has significantly lifted the cloud and application software complex, a sector that dominates the IGV portfolio.