For this software ETF, past discounts have often come with a steep price of admission before any rebound.
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The IGV exchange-traded fund has delivered the same returns as the S&P 500 over the last 10 years, reversing years of outperformance.
Sector ETF report for IGV
Fortinet, Amprius Technologies, and AppLovin are showing bearish technical signals, including MACD reversals and RSI weakness, despite strong recent gains.
Investing.com -- The broader software complex experienced widespread declines on Friday as fragile investor confidence gave way to a wave of sympathetic selling across the sector. The turn lower continued to arrest a month-long recovery fueled in part by strong corporate results and forward guidance from Snowflake. The shift in capital allocation reflects a market that remains deeply hypersensitive to any perceived headwind within the enterprise technology layer. Rather than treating recent oper
The Nasdaq turned suddenly lower Tuesday morning. The Dow was down 276 points, or 0.5%. A majority of S&P 500 stocks were rising, but highflying semiconductor and optical networking stocks were suddenly dragging down the index, rather than lifting it.
Investing.com -- Orlando Bravo, founder and managing partner of Thoma Bravo, said fears of an AI-driven "SaaSpocalypse" have ended, describing AI as an "enormous tailwind" for software companies.
The PHLX Semiconductor Index, or SOX, was up 6.5%, which would be its best one-day performance since May 12, 2025, according to Dow Jones Market Data. The move underscores how successful traders have been chasing momentum in the red-hot chip sector.
The Nasdaq is already on pace for its worst day since March. The tech-heavy index tumbled nearly 1.7%, which would be its biggest daily decline since it fell nearly 2.2% on March 27, according to Dow Jones Market Data.
Jim Cramer defended CrowdStrike (NASDAQ:CRWD) on Thursday’s Mad Dash after the cybersecurity leader’s post-earnings selloff, arguing that net new annual recurring revenue came in well above expectations. CrowdStrike reported its fiscal Q1 2027 results on June 3, 2026, beat on both lines, and raised its full-year outlook. The stock fell anyway, dropping 6.87% on June ... Jim Cramer Defends CrowdStrike. Says the Company Just Posted “An Extraordinary Number” on Its Most Key Metric.
Salesforce may be cannibalizing its own business through Agentforce, but the potential of its dominance in AI agents is huge.
Palo Alto Networks, a Barron’s stock pick, dropped after earnings—a rare occurrence recently. The cybersecurity software stock, which we recommended in late April on the basis that it would weather the artificial intelligence storm, dropped 5.6% Wednesday. Palo Alto, too, is seeing some profit-taking.
The Nasdaq tumbled shortly after the market opened, and software stocks may be to blame. The Dow was down 408 points, or 0.8%. A big reason for the Nasdaq’s decline was a 4% slide in the iShares Expanded Tech-Software Sector ETF.
Okta Inc. stock is up 63% since we recommended it in February. From concerns that the rise of artificial intelligence would doom traditional software technology, a decisive sentiment shift is under way. Within that group, Okta has outperformed, surging 30% on May 29 alone, a day after it reported stellar earnings.
Just two months ago, software stocks were one of the market’s biggest disappointments. Today, they are among its strongest performers. Speaking on CNBC’s Options Action, options reporter Oliver Renick highlighted the dramatic reversal underway across the software sector, noting that the group has gone from a steep early-year selloff to positive returns for 2026. “Software is officially ... Software Rallies 40% From April Lows as CrowdStrike Earnings Loom