SOXS is trading at $4.06, up 5.2% today as global investors rotate out of chipmakers amid a broader market sell-off and risk-off sentiment.
- The downward pressure follows a 7% crash in South Korea’s Kospi, with major industry players Samsung Electronics and SK Hynix seeing steep declines.
- Bearish semiconductor products are catching a bid as the market reassesses potential AI-related overinvestment.
- The current price reflects a significant jump from the July 1 closing level of $3.86.