iShares Global Tech ETF gains 34% with strong EPS growth and potential breakout near $165

The iShares Global Tech ETF (IXN) has gained 34% despite a sharp drop in its price-to-earnings ratio from 29x to under 18x. It now trades at a high-teens P/E with a strong long-term EPS growth rate of 28.5% and increased global diversification. While the ETF's concentrated portfolio and AI exposure pose risks, technical indicators and seasonal trends suggest a potential breakout targeting $165. Conversely, a breakdown could push the price down to $110, indicating an imminent decisive move in the ETF's price action.

The iShares Global Tech ETF (IXN) has a market cap of $9.21 billion and a trading volume of 219,480 shares on Pluang as of Sep 20, 2026, 11:11 WIB. The ETF's price is currently USD 143.64, showing a 1-day gain of 0.79%. This trading activity occurs alongside the ETF's notable valuation changes and growth prospects discussed in the news.