🔴 Semiconductor Bear 3X ETF (SOXS) is trading 7.9% down in pre-market after NVIDIA’s earnings beat estimates

SOXS is trading at $44.29, -7.90% in pre-market as NVIDIA’s strong results lifted semiconductor shares.

• NVIDIA reported $96.2 billion in revenue and $2.22 adjusted EPS, beating estimates; results reinforced strong AI-chip demand and improved risk sentiment across technology stocks.
• Nasdaq futures rose 0.84% while S&P 500 futures gained 0.39% overnight, pressuring inverse SOXS.
• No major U.S. economic releases are scheduled for August 27, 2026.