SOXS is trading down approximately 5% after-hours at $51.20 as semiconductor and tech stocks extend their AI-driven rally following strong Microsoft earnings.
- The move follows a sharp 16.7% drop during the regular session on July 30, 2026, as bearish chip bets face continued pressure.
- Bullish sentiment is fueled by cooling inflation data and robust AI infrastructure demand, supporting a broader risk-on appetite in the technology sector.
- The 3x inverse ETF remains under pressure as the semiconductor sector maintains its upward momentum.