SOXS is trading at $4.21 (+4.21%) as semiconductor stocks soften following yesterday’s sharp rebound, with traders re-establishing bearish positions in the sector.
- Market participants are hedging or taking bearish stances ahead of Micron Technology earnings, which are expected to influence near-term sentiment.
- Broader markets remain mixed as AI-related chip names continue to face scrutiny following the heavy technology rout seen earlier in June.