IGV is trading at $107.78, down 1.67%, as hotter-than-expected inflation revived concerns about higher-for-longer rates, weighing on growth-sensitive technology shares.
- Friday market coverage also reported renewed pressure on AI-linked stocks amid worries that heavy data-center spending and borrowing may not generate sufficient returns.
- The weakness follows a sharp software rally on October 15, when investors rotated from chip stocks into software, suggesting Friday’s move is a reversal amid unsettled technology sentiment.