The iShares Expanded Tech-Software ETF rebounds sharply, erasing early-year losses as CrowdStrike’s results approach.
The iShares Expanded Tech-Software ETF (IGV) has climbed 44.23% from its April low, reversing a 30% decline in the first four months of the year. The sector is now positive for 2026 after a steep selloff earlier in the year.
Investor sentiment has shifted dramatically, with software stocks emerging as top performers. The recovery follows a period of underperformance, as noted by analysts tracking the sector’s rebound.
CrowdStrike (NASDAQ:CRWD) reports fiscal first-quarter 2027 earnings on Wednesday, with markets pricing a 93% chance the company beats quarterly guidance. The results will serve as a key test for the sector’s momentum.