🟢 SOXS is trading 6.9% up today on renewed semiconductor weakness

SOXS is trading 6.9% up today as weakness in chip stocks resumes after recent volatility.

• The 3x inverse semiconductor ETF is gaining amid overnight pressure on the sector, including continued fallout from Intel’s nearly 10% drop.
• Broader Nasdaq futures declines are boosting bearish bets on the NYSE Semiconductor Index, lifting leveraged inverse exposure.