IGV
iShares Expanded Tech-Software Sector ETF
stock BATS ETF

Your numbers are meaningless because you are looking at P/E.
Look at LTM / NTM and 2028 FCF yield and PEG ratio, and compare it vs historical levels.
This is not going to be a popular take but what most people don't understand is that Big Tech companies (except Netflix, Apple and Nvidia) may have the same name but their business is transforming.
They are moving from asset-light, intangible businesses with massive operational leverage, high differentiation, defensible moat and strong organic revenue expansion to asset-heavy businesses with degraded economics over next 2-3 years (as they will have to depreciate the massive asset abuse they are constituting that currently drains all their cash flow), compromised moat (due to AI potentially making their core offering irrelevant) and lower differentiation.
This would change if and only if their investment in AI pays off handsomely. If these guys are spending $150-200Bn per year, they need to see their FCF to go up by $20-30bn per year from this Capex fairly quickly to really be worth it. If you assume an FCF/revenue of 20-30% (in line with 2022-23 levels), that would $67-100bn extra revenue per year. It may be the case for some of these companies, but if it doesn't work then these companies are overpriced.
I think a lot of people are buying these stocks without understanding the thesis they are underwriting, and just looking at these names as if they are the same as 2-3 years ago. To me it's like going long software assuming names like ADBE or ETFs like IGV (something people are posting on every single day on here) will rebound to their previous levels, while they could go to close to 0 like companies like Yahoo did in the past.

I just got some 2028 IGV calls deep ITM and hoping it’s bottoming out soon. Figured this was also the best way to invest here bc I agree some companies may be long term hurt but overall I think the sector as a whole will rebound.

I’m long a bunch of 2027 IGV calls plus some MSFT and NOW calls. I’m expecting a strong rebound into the end of year as long as earnings continue to be strong. Be greedy when others are fearful.
Everyone thought AI would kill google search and we see how that turned out. Brands and long term contracts still matter. Yeah some software companies may be killed by AI but most will adapt and get more profitable by using AI.

I'm just DCAing into IGV while we spank the bottom.

IGV Still trades at 32x earnings, still a lot of growth priced in.
ADBE/CRM/NOW/INTU are lousy companies with lousy products.

It was Meta last week now id be focused on Msft/NOW or just buy IGV

Just DCA into IGV ETF while the software sector scrapes the bottom of the ocean.

I reckon you can just buy a big basket of software stocks w/ good growth and good cash flows ex-SBC and do well from here. Not buying IGV because of PLTR, ORCL, and MSTR. 

I'm not buying MSFT directly, instead slowly DCAing into IGV ETF during this software downturn.

If the market was only the IGV or BUG… o yea! Dance! 💃💃💃🤣

Im DCAing into IGV.

That's what the market is saying by selling IGV day in and day out. And as we all know, you can't argue with Mr. Market because they can't be wrong.

imo don't buy the IGV dip there's some trash in there just buy MSFT and PLTR

You just need to understand that everything SaaS (Software as a Service) is under attack right now by AI and the fact that anyone can spin up a custom solution with Claude and some IT knowledge.
this article sums up the justification for the fear: [https://www.nytimes.com/2026/04/02/technology/ai-billion-dollar-company-medvi.html](https://www.nytimes.com/2026/04/02/technology/ai-billion-dollar-company-medvi.html)
Google the top 10 SaaS companies in the US and you will see the majority of them are completely crashing right now, and are not looking good short term for recovery.
If I were to take the risk right now, I would go into IGV with either shares and plan to hold for a while, or I would to LEAPs. All the SaaS companies make good products, but none of them are safe from vibecoding right now...

You're gonna have to wait for a glitch in the Matrix to appear for a full market crash. It's all 0's and 1's on your screen.
Being serious thou, the market is acting very similar to 2000-2007. We just didn't call them Josh Brown HALO stocks in 2001. But those stocks plus gold & commodities have been outperforming the $SPY for quite awhile now. The $IGV software stocks have been crashing just like 2000-2007. The $QQQ as a whole has vastly underperformed world stocks ex US or $VXUS by over 10% these last 6 months.
If you look hard enough, the glitches in the Matrix are starting to appear. People are just blind or numb to it all because they are all too busy just staring at the $SPY.

Falling knife doesn't mean anything. If you want a technical term NOW rejected the 50ma at 123$ which is where buyers took profits likely as they use it as a signal. IGV rejected at 84.
Forward PE for these companies is generally under 20 which is a good buy.
The issue is even with solid growth and revenue the sentiment is long term the growth will decline due to AI which prevents new buyers from jumping in. So its a case where you have solid valuations but fear. Opposite of companies like Tesla with huge PE numbers but bullish outlook.

Load IGV below $80 and hold a year

CRM, NOW, ADSK, INTU, ZS, WDAY and IGV all at or below 52w Lows.

IGV new 52W low. I think it’s over for software

IGV continues getting bent