🔴 SOXS is trading 13.4% down today as semiconductor stocks rebound ahead of AI earnings

SOXS is trading 13.4% down today as U.S. chip stocks rebound from last week’s AI-driven selloff.

• The rally in the ICE Semiconductor Index and long-chip ETFs like SOXX is mechanically driving the decline due to the fund's -3x daily inverse exposure.
• Market sentiment has shifted toward optimism as investors position themselves ahead of major Big Tech and AI-related earnings reports.
• The double-digit drop reflects the high volatility of leveraged inverse instruments during broad sector recoveries.