IGM is trading 5.43% lower at $151.57 as technology shares sell off amid concerns that heavy AI investment may not generate returns quickly enough.
- Reuters reported that disappointing quarterly results from Intel and Amazon intensified those concerns.
- During Friday’s session, the Nasdaq fell 3.37% and the S&P 500 fell 2.08%.
- The pressure was sector-wide; no IGM-specific catalyst was identified.