SOXS is trading 16.7% down today as semiconductor and broader tech stocks rebound following recent AI-driven volatility and a Federal Reserve decision to maintain interest rates.
- Bullish sentiment toward AI infrastructure and chip demand is lifting long semiconductor ETFs, putting significant pressure on this leveraged inverse fund.
- The decline marks a sharp reversal of the late-July semiconductor selloff as the Fed's decision to leave rates unchanged helped alleviate immediate economic growth concerns.