🟢 SOXS is trading 4.8% up today as semiconductor stocks pull back on profit-taking and geopolitical tensions

SOXS is trading 4.8% up today as semiconductor and AI-related stocks ease following a sharp rally earlier this week.

• The sector is experiencing a cooling period after significant gains driven by Micron’s $250 billion U.S. investment plan and Meta’s Iris AI chip initiative.
• Profit-taking is weighing on the PHLX Semiconductor Index and Nasdaq, with momentum slowing amid heightened geopolitical tensions in the Middle East.
• The move reflects a shift toward bearish exposure in the chip sector as investors reassess valuations following the recent AI-driven surge.