🟢 Semiconductor ETF (SOXS) is trading 5.98% up on reports of CXMT's denser memory-chip design

SOXS is trading at $39.41 (+5.98%) as reports of CXMT advancing a denser memory-chip design intensified competition worries, weighing on global semiconductor stocks and supporting the inverse ETF’s move higher.

• South Korea’s chip-heavy KOSPI fell sharply, led by declines in Samsung Electronics and SK Hynix.
• Broader concerns about AI valuations and spending added pressure to chip sentiment.