IGV is trading 1.6% up today as Arm Holdings' entry into the AI chip market and a broader recovery in global equities lift technology sector sentiment.
- Arm announced its first AI-focused processors, the Arm AGI CPU, aiming for $15 billion in revenue with Meta confirmed as a flagship customer.
- The gains follow a 4.29% drop on March 24, with Nasdaq futures rising 0.82% as Mideast ceasefire hopes stabilize US and Asian markets.