IGV•iShares Software ETF has rebounded 40% since April 10 following a sharp AI-driven sell-off, marking a significant comeback. The prior decline stemmed from investor overestimation of artificial intelligence benefits in the software sector.
Since April 10, iShares Software ETF has surged 40%, reversing its steep early-year losses and outperforming major sector benchmarks over the past eight weeks.
The ETF’s earlier decline was driven by investor overestimation of artificial intelligence impacts on software firms, prompting broad profit-taking across AI-linked names.
The strong recovery suggests renewed confidence in software valuations and signals that investors may be ready to re-enter AI and software stocks after the recent reset.
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