SNXX is trading at $8.35, down 25.71% in pre-market on July 29, 2026, extending a multi-day collapse in semiconductor-related assets.
- The sell-off was triggered by reports of Chinese mass-production of advanced chipmaking tools, which led to heavy losses in Asian markets and concerns over shifting global supply chains.
- Broader risk sentiment remains fragile due to renewed Middle East tensions and investor caution ahead of a pivotal Federal Reserve meeting.
- The move reflects heightened volatility for the leveraged ETF as the chip sector faces a significant correction from recent highs.