SOXQ is trading 1.6% down today, giving back early-session and pre-market gains as intraday profit-taking erases a brief recovery from a violent two-day semiconductor selloff.
- The ETF had initially rebounded as investors moved back into AI and chip names following yesterday’s rout, but the rally proved short-lived amid a broader market reset.
- With no major macro data released today, price action is being driven by technical positioning and investor sensitivity ahead of Micron’s upcoming earnings report.