🔴 SOXS is trading 4.3% down today as AI-driven semiconductor rally continues

SOXS is trading 4.3% down today as chip stocks continue to climb, extending a recent AI-driven rally across the semiconductor sector.

• As a 3x leveraged inverse ETF, SOXS moves in the opposite direction of the ICE Semiconductor Index, resulting in amplified losses during periods of sector strength.
• Ongoing gains in major AI chipmakers and broader tech resilience are pressuring the fund following sharp declines over the past month.
• The fund continues to face headwinds as strong semiconductor momentum persists, driven by high demand for AI-related hardware.