SOXS is trading at $42.58, up 11.00% from the August 17 close of $38.36, as semiconductor and technology shares weaken amid rising yields and oil-driven risk aversion.
- Nasdaq-100 futures are down roughly 1.2%, while a semiconductor ETF was reported down 3.2% premarket.
- Fading U.S.-Iran peace prospects, higher oil prices and surging Treasury yields are pressuring high-duration AI and chip valuations.
- The broader Nasdaq decline is 0.88% in the supplied market context.