IGV is trading 1.7% up today on Middle East de-escalation hopes and Arm Holdings' expansion into the AI chip market.
- US indices are gaining on optimism from President Trump's remarks and Iran's signals on the Strait of Hormuz, which helped ease oil prices below $100.
- The rally follows a 4.29% drop in IGV yesterday; sentiment is further bolstered by Arm Holdings' plan to sell AI chips to Meta, targeting $15 billion in revenue.
- Broader market indices are also higher, with the S&P 500 up 1.09% and the NASDAQ Composite up 1.45%.