IGV is trading 2.08% up as investors rotate away from AI-chip and infrastructure names after OpenAI and Anthropic leaders urged a slower development pace.
- ServiceNow, Adobe, and Workday were each reported higher, helping lift the software group and IGV despite declines in Nasdaq futures and major technology indexes.
- The move appears sector-specific: software is treated as relatively less exposed to near-term AI infrastructure spending concerns, while chipmakers and AI-linked companies face heavier selling pressure.