🔴 Semiconductor Bear 3X ETF (SOXS) is trading 4.6% down in pre-market on Micron-fueled chip rally

SOXS is trading at $30.31, with a -4.57% change, as strong Micron results and an upbeat AI-demand outlook boosted chip-sector sentiment.

• The Philadelphia Semiconductor Index gained 1.6% on Thursday.
• Asian semiconductor shares rallied, and U.S. futures point higher, pressuring SOXS, which moves inversely to semiconductor stocks.
• September payrolls due Friday morning remain a market focus, but available reports point to chip optimism as the clearer driver.