🔴 SOXS is trading 5.2% down today as semiconductor sentiment rebounds after AI-chip profit-taking

SOXS is trading 5.2% down today at $4.41 as semiconductor sentiment rebounds following yesterday's profit-taking in AI-related stocks.

• The move gives back a portion of the 13.97% surge seen on July 13, which followed a significant pullback in the chip sector.
• Nasdaq-100 futures show modest strength as traders shift focus toward the upcoming June CPI data and geopolitical tensions in the Middle East.
• The 3x inverse ETF is reacting to a broader stabilization in tech sentiment rather than sector-specific headwinds.