🔴 Trading-Inverse Equity ETF (SOXS) is trading 5.65% down as semiconductor shares recover

SOXS is trading at $42.53, down 5.65% on August 6, 2026, as semiconductor shares recover despite renewed AI-investment concerns.

• Morning selloff in Western Digital, Sandisk, Micron, AMD, and other chip names initially supported inverse positioning.
• Broader risk appetite and an intraday Nasdaq rebound have since pressured SOXS.
• The move appears primarily sector-driven, reflecting rapid reversal and profit-taking in leveraged inverse exposure.