iShares Expanded Tech-Software ETF (IGV) tracking a basket of publicly listed enterprise software companies.ishares.com ↗
1 take · first discussed Apr 10, 2026
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Brad Gerstner offers a cautious, neutral read on enterprise software as a category, observing that IGV has fallen roughly 30% year-to-date as AI disruption raises serious questions about the long-term terminal values of traditional software businesses. He highlights that venture capital is concentrating heavily into frontier AI models, leaving conventional software companies starved of both investor enthusiasm and capital. With only one host weighing in, there is no disagreement or corroborating view to note; the overall stance is one of concern rather than outright bearishness, reflecting uncertainty about how incumbent software names will adapt rather than a definitive call to avoid them.
Brad Gerstner notes enterprise software stocks are getting crushed (IGV down 30% YTD) as AI disrupts terminal values, and venture capitalists are crowding into frontier AI and away from traditional software.
You look at the IGV stock index, down 30% year to date, down 5% today. All software stocks plummeting, right? Venture capitalists are terrified to invest money in anything other than these frontier models.”1:03:33