iShares Expanded Tech-Software Sector ETF

IGV

Market cap $12B

Dan Ives, Wedbush Securities, joins 'Power Lunch' to discuss what Ives learned from a recent trip abroad, the energy complex and much more.

The IGV is trading at $85.58 on Friday, up 1.45% on the session and up roughly 14.6% from last Friday's close of $74.67, when the ETF had just bottomed at a 52-week low of $73.93, per Benzinga Pro data.

The software corner of the tech trade has been battered over fears that AI will turn many companies obsolete. That changed recently as software rallied alongside the recent of the market.

Tech stocks, including Oracle, AMD and Microsoft, are set to have historic weeks. The iShares Expanded Tech-Software ETF is looking for its best week since 2001 and could even post the best week ever.

Technology sector leaders across software and semiconductors are approaching a potential inflection point, as BTIG Chief Market Technician Jonathan Krinsky outlines a contrarian shift favoring software over chip stocks.

Easing tensions in the Middle East have led to renewed interest in risk assets, including software companies.

Software values are back to where there were when the AI boom began. That makes them cheap, but are they attractive?

Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that's already done, improving its quantity and quality.

Software stocks have plunged this year, primarily because of new innovations from Anthropic. AI poses a real threat to software, though software stocks have continued to deliver strong growth.

The iShares software ETF hit its lowest point since 2023 on Friday. Investors have been spooked by the prospect that AI will disrupt traditional enterprise software.