🔴 SOXS is trading 14.7% down today as chip stocks extend powerful rebound

SOXS is trading 14.7% down today as semiconductor stocks extend a powerful rebound, continuing to unwind last week’s AI and chip sector selloff.

• Broader U.S. equities are in a risk-on mood, supported by easing Middle East tensions, strong manufacturing data, and stable yields.
• The positive sentiment for growth and AI-linked names is driving leveraged inverse products like SOXS lower as the market pivot continues.