SOXS is trading at $36.17, up 6.89%, as semiconductor weakness lifts the inverse ETF.

  • Chip stocks faced pressure from AI-growth concerns and a broader unwind of crowded AI trades; reported premarket losses included Intel, AMD, and NVIDIA.
  • Separately, reports that Chinese chipmaker CXMT is advancing next-generation DRAM technology raised competition concerns across memory stocks.
  • U.S. equities are open, but the Columbus Day bond-market closure may leave trading thinner than usual.