$IGV setting up for ATH iShares Expanded Tech-Software Sector ETFBATS:IGVbigbull037- Any sell off / profit taking from SOXX would need to be absorbed by IGV for continued bull run. - SOXX is close to topping as the intelligence of foundational models be it ChatGPT, Anthropic, Grok, Gemini is close to plateauing. - Once we are satisfied with foundational models intelligence level. Open source models would catch those up in max of 6-8 months. - Companies are relying that these Anthropic model Opus is super expensive when given to all employees. There are two ways companies can justify to keep those expenses either (1) cutting cost or (2) keeping bills for foundational models in check. - One cannot give access to all models to every person in the company. This will just blow up the cost for opex in the company. - What's gonna happen 6-12 months from now is companies will try to use open source models , host it internally and try to optimize cost to benefit. - It's gonna be bearish for GPUs market, CPU market is gonna be fine because number of inferences would increase for Agentic AI however all chips would suffer sector wide losses. - Software companies can easily switch models and still be able to get intelligence for cheaper! Margin expansion is coming to software sector be it by Layoffs happening already, reduced dependent on foundational models or by boosting EPS because of buybacks with reduced market cap (SaaSclypse)