SOXS is trading at $63.55 (up 16.65%) as semiconductor stocks fall sharply amid renewed concerns regarding AI-related capex and competition from China.
- The leveraged inverse ETF is extending a multi-day rebound after steep losses earlier in July, capitalizing on a second straight day of weakness in technology shares.
- Market sentiment is shifting as investors brace for the upcoming Federal Reserve policy meeting and navigate broader volatility in tech shares.