iShares Expanded Tech-Software Sector ETF·Financial Services

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

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.

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

Is the software sector really getting disrupted?

The IGV ETF surged 4.9% Monday - its best session since April 2025. Oracle drove 90 basis points of that move single-handedly, accounting for a fifth of the entire sector's gain.

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.
The iShares Expanded Tech-Software Sector ETF seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries.
Financial Services
Asset Management
2001-07-17
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