🟢 SOXS is trading 5% up today after a sharp regular-session drop and ahead of AMD earnings

SOXS is trading 5% higher in after-hours trading following a sharp 14.7% regular-session drop as investors recalibrate positions ahead of key industry earnings.

• The after-hours bounce likely reflects profit-taking and positioning ahead of AMD’s Q2 report, scheduled for release after the close on August 4.
• The move follows a powerful rebound in chip stocks during the regular session that pressured the inverse ETF.
• Market participants are bracing for continued volatility across the broader AI and semiconductor complex.