IGM is trading at $161.12 (+1.56%) as Nvidia’s stronger-than-expected results and raised outlook revive AI and technology-sector optimism.
- Nvidia forecast third-quarter revenue of $108 billion, above the $104.19 billion analyst estimate.
- Nvidia represents approximately 8% of IGM’s portfolio, making the ETF particularly sensitive to AI-linked technology sentiment.
- The broader Nasdaq Composite is up 0.70%, reinforcing the sector-driven move.