🟢 SOXS is trading 5.05% up today as a global chip sell-off and Middle East tensions fuel bearish sentiment

SOXS is trading at $76.80 (+5.05%) as semiconductor stocks face heavy pressure from a global sell-off and rising geopolitical risks.

• The 3x inverse semiconductor ETF is gaining as chip shares tumble, led by an 11% drop in SK Hynix and broader weakness in the sector.
• Escalating Middle East tensions and rising oil prices are further driving broad market risk aversion, benefiting bearish semiconductor positions.