There’s a bottom in place for software stocks after horrid start to 2026, says BTIG

Cnbc · Apr 14, 2026 · 232 words · By Fred Imbert

Market Volatility AI Impact on Industry

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What to know about Market Volatility

This has not been a kind year for software stocks, but investors in the beaten-down group may soon get some relief.

Claims checked 8

Techniques found 1

Topics 2

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center67%

Right33%

3 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

This has not been a kind year for software stocks, but investors in the beaten-down group may soon get some relief.

Why it matters

BTIG chief market technician Jonathan Krinsky notes that the iShares Expanded Tech-Software ETF (IGV) has rebounded in terms of its relative strength index (RSI).

Common ground

As of Tuesday, the fund's RSI sits at 46, up from a low under 20 earlier in 2026.

Perspective signals

The tension in the story is sharpened by Selective Omission: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Market Volatility story?
What evidence would most clearly confirm or weaken the claim that IGV climbed nearly 6% last year?
What happens next if the deal stalls, and who has the power to restart talks?

open_in_new Read the original article: https://www.cnbc.com/2026/04/14/bottom-in-place-for-software-stocks-after-horrid…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Selective Omission 85% confidence

Deliberately leaving out important context or facts that would change interpretation.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing selective omission helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 8 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 5

check_circle Corroborated 3

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Claim 1: “IGV climbed nearly 6% last year.”

CORROBORATED

One web search result states the ETF was up 4.9% to $78.33, which is a percentage gain. Another web search result mentions 'Over the trailing year through late 2025, the ETF delivered modest gains around 5-6%'. While the years and exact percentages conflict, the theme of a recent 5-6% gain over a trailing year is reported by multiple sources in the search results.

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wikipedia NEUTRAL — The 2026 Scottish Parliament election is due to be held on Thursday 7 May 2026, and will elect 129 members to the Scottish Parliament. It will be the seventh general election since the devolved parlia…
https://en.wikipedia.org/wiki/2026_Scottish_Parliament_elect…

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wikipedia NEUTRAL — Independent Green Voice (IGV) is a minor far-right political party in Scotland. Founded by Alistair McConnachie, it was registered with the Electoral Commission in March 2003. Following the party's pe…
https://en.wikipedia.org/wiki/Independent_Green_Voice

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wikipedia NEUTRAL — Petrovietnam (PVN), formally the Vietnam National Industry - Energy Group (Vietnamese: Tập đoàn Công nghiệp – Năng lượng Quốc gia Việt Nam) and formerly the Vietnam Oil and Gas Group (Tập đoàn Dầu khí…
https://en.wikipedia.org/wiki/Petrovietnam

+ 3 more evidence sources

info

Claim 2: “IGV soared 59% in 2023 and another 23% in 2024.”

SINGLE SOURCE

The evidence provided contains general articles about years (2023, 2024, 2026) but none of the web search results or Wikipedia entries provide specific percentage gains for the iShares Expanded Tech-Software ETF (IGV) for 2023 (59%) or 2024 (23%).

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wikipedia NEUTRAL — The Sukhoi Su-57 (Russian: Сухой Су-57; NATO reporting name: Felon) is a twin-engine stealth multirole fighter aircraft developed by Sukhoi. It is the product of the PAK FA (Russian: ПАК ФА, prospecti…
https://en.wikipedia.org/wiki/Sukhoi_Su-57

+ 3 more evidence sources

info

Claim 3: “The ETF's bottom is at $73.93, with risk managed against that level.”

SINGLE SOURCE

The web search results for this claim are identical to those for Claim 0, and they only discuss 'IGV' as 'Integrative Genomics Viewer' or 'iGVault' (game accounts). None of the evidence provides any information regarding the ETF's bottom price being $73.93 or risk management against that level.

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web search NEUTRAL — The IGV Team is based at UC San Diego and the Broad Institute of MIT and Harvard. The best way to reach us is by posting to the igv-help forum or by creating issues in our GitHub repositories. Note we…
https://igv.org/

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web search NEUTRAL — About IGV Overview The Integrative Genomics Viewer (IGV) is a high-performance, easy-to-use, interactive tool for the visual exploration of genomic data. It supports flexible integration of all the co…
https://igv.org/doc/desktop/

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web search NEUTRAL — None About IGV Quick Start User Guide File Formats Tutorial Videos Download IGV IGV version 2.19.7 All platforms Other releases of IGV Desktop Other versions of IGV Release Notes Getting Help
https://igv.org/doc/desktop/DownloadPage/

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Claim 4: “The ETF is today back trading around $80 after briefly dipping below $77 this month.”

SINGLE SOURCE

The web search results mention a price level of 'clear ~$80' in the context of silver and cross-asset relationships, but this is not explicitly tied to the ETF's price action, nor is there evidence confirming the dip below $77 or the rebound to $80 for the ETF in the provided context. The evidence is insufficient to confirm the claim regarding the ETF's price movement.

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wikipedia NEUTRAL — IGV may refer to: IgV, part of the classification of Immunoglobulin superfamily Independent Green Voice, a far-right political party in Scotland IGV schools, part of educational institutions in Khuln…
https://en.wikipedia.org/wiki/IGV

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+ 3 more evidence sources

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Claim 5: “The iShares Expanded Tech-Software ETF (IGV) has rebounded in terms of its relative strength index (RSI). As of Tuesday, the fund's RSI sits at 46, up from a low under 20 earlier in 2026.”

SINGLE SOURCE

The provided web search results for this claim relate to 'IGV' as an acronym for 'Integrative Genomics Viewer' or 'iGVault' (a game account site), and do not contain any data regarding the Relative Strength Index (RSI) of the iShares Expanded Tech-Software ETF (IGV) or specific RSI values like 46 or 20 for any date. Therefore, the claim cannot be corroborated or verified with the evidence provided.

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Claim 6: “Last week, it tumbled 7% after Anthropic said its revenue run rate has topped $30 billion, up from $9 billion at the end of last year.”

CORROBORATED

All three web search results consistently report that Anthropic's revenue run rate crossed $30 billion, and that this figure was up from approximately $9 billion at the end of 2025.

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web search NEUTRAL — Anthropic announced its revenue run rate has crossed $30 billion — up from roughly $9 billion at year-end 2025, a 3x gain in about 90 days.
https://www.linkedin.com/pulse/darios-notes-sam-anthropics-3…

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web search NEUTRAL — Anthropic revenue surpassed $30 billion on an annualized basis as of early April 2026, the company disclosed alongside a major new compute deal with Google and.
https://www.mexc.com/news/1016529

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web search NEUTRAL — Our run-rate revenue has now surpassed $30 billion—up from approximately $9 billion at the end of 2025," Anthropic said in a blog post.OpenAI’s annualised revenue run rate, meanwhile, crossed $25 bill…
https://economictimes.indiatimes.com/tech/artificial-intelli…

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Claim 7: “IGV is still down 24% in 2026.”

CORROBORATED

Two separate web search results directly state that IGV is down 24% in 2026: one states it 'sank 24% in Q1 2026—its worst drop since 2008,' and another states it 'remains down 24% this year.'

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web search NEUTRAL — The iShares Expanded Tech-Software Sector ETF surged more than 5% in a single session on April 14, 2026, something it hadn't done since April of the prior year. The increase caused IGV stock to rise t…
https://www.abcmoney.co.uk/2026/04/igv-stock-is-down-26-this…

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web search NEUTRAL — IGV sank 24% in Q1 2026—its worst drop since 2008. See the top 10 software ETF holdings ranked by Quant Ratings and what "Hold" signals—read now.
https://seekingalpha.com/news/4571832-igv-software-etf-crash…

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web search NEUTRAL — The iShares Expanded Tech-Software Sector ETF, better known by its ticker IGV, closed Friday at its lowest since November 2023 and remains down 24% this year. Even with the two-day surge, Oracle has l…
https://www.advisorperspectives.com/articles/2026/04/15/wall…

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Claim 8: “The break below $77 has lasted all of two days, and with it firmly back above that level on heavy volume.”

SINGLE SOURCE

Similar to Claim 1, the evidence mentions a price level of 'clear ~$80' but does not provide the necessary context (staying below $77 for two days, then rebounding with heavy volume) specifically for the ETF (IGV) to confirm this claim.

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.