🔴 Tech ETF (IGV) is trading 2% down today as Arm Holdings AI chip supply warnings trigger sector-wide pullback

IGV is trading at $89.10 (-2.02%) as Arm Holdings AI chip supply warnings trigger a sector-wide pullback.

• The ETF closed May 07 at $90.94 (+3.56%) but retreated in after-hours trading as broader tech weakness emerged.
• Arm Holdings fell 5% in late trading, weighing on the software-heavy fund which is 95.7% concentrated in Information Technology.
• The price action underscores the sensitivity of cloud and AI-dependent software companies to semiconductor supply chain volatility.