SOXS is trading at $51.13 (+18.10%) as semiconductor stocks decline sharply after AI industry leaders urged a slower pace of development.
- Nasdaq 100 futures fell about 1.6%, while chipmakers Intel, AMD, and Marvell Technology dropped roughly 5%-6% premarket, supporting the inverse ETFβs surge.
- Rising oil prices and Treasury yields near multi-year highs are pressuring rate-sensitive technology shares.
- Investors also await the Federal Reserveβs policy decision.