SOXS is trading at $47.81 in pre-market, down 4.59% from the September 16 close as semiconductor shares continue recovering from the September 14 selloff.
- Stronger Nasdaq futures and renewed buying in AI-chip stocks are reducing demand for the inverse semiconductor ETF.
- The Federal Reserveβs 25-basis-point hike and elevated yields remain a headwind for technology valuations; the immediate pre-market signal is sector recovery.