SOXS is trading at $31.46, up 5.97%, as semiconductor shares weaken. - Chip stocks were among the top premarket decliners, with Micron, AMD, Broadcom and Marvell lower. - Rebounding oil and Treasury yields, alongside caution ahead of the Fed minutes, are weighing on equities and growth-sensitive chip shares. - Reported escalation around the Strait of Hormuz renewed supply and inflation concerns, adding to the pressure.