IGV is trading 1.6% up today as technology stocks stage a strong recovery, led by a massive rally in Intel following its Q1 earnings report.
- Intel shares soared 25% after reporting $13.6B in revenue and a landmark deal to provide 14A chips to Tesla, lifting the broader semiconductor sector.
- The rebound follows a 5.8% drop in the previous session triggered by geopolitical tensions; the Nasdaq is currently up 1.4% while the Dow lags.
- Investor sentiment has shifted back to growth as the sector recovers from prior earnings misses and macroeconomic uncertainty.