🟢 Semiconductor ETF (SOXS) is trading 17.42% up in pre-market as AI spending concerns pressure chip stocks

SOXS is trading at $48.95, up 17.42%, as overnight losses in technology and semiconductor shares drive demand for the inverse ETF. - Intel’s 23% after-hours drop and Amazon’s 7% decline heightened concern that heavy AI spending may not deliver adequate returns. - Alphabet’s selloff and weaker Asian chip stocks added pressure. - Nasdaq futures fell about 2%, reinforcing the risk-off move in technology shares.