SOXS is trading 4.5% up today as the recent AI-driven semiconductor and technology rally shows signs of cooling following sharp moves in late July.
- Traders appear to be positioning for a pause or pullback in chip strength after semiconductor names surged on AI optimism and mega-cap earnings.
- The inverse, leveraged ETF is gaining ground as investors lock in profits in the tech sector, even as broader U.S. equity futures remain modestly higher.