IVAI.L is trading at $10.42 (+3.12%) as AI infrastructure names gain momentum following a tech-led rally on the Nasdaq.
- The move is driven by reports that Meta will start manufacturing its proprietary Iris AI chip in September, fueling confidence across the semiconductor sector.
- The ETF is benefiting from broader sector rotation into AI hardware and technology, rather than a fund-specific catalyst.
- Continued strength in the chip sector and positive AI-related sentiment are supporting gains for the fund's technology-heavy holdings.