IGV Slides for 7 Sessions, Erasing 16% Rally as AI Disruption Fears Hit Software

1 articles · Updated · Bloomberg · Jun 11

IGV has fallen for seven straight sessions since June 1, wiping out the entire three-day, 16% surge that had briefly pushed the software ETF into positive territory for 2026.
AI disruption fears are driving the reversal, with traders bracing for further selling after the recent earnings-fueled rebound proved short-lived.
Software is now the worst-performing group in the S&P 500 over that stretch, underscoring how sharply sentiment has turned against the sector.
IGV is down more than 12% this year even as the S&P 500 has gained 7.9%, highlighting a widening gap between software stocks and the broader market.

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