SOXS is trading at $66.73 (+6.04%) as semiconductor stocks remain under heavy pressure from AI capex concerns and growing China competition fears, extending a sector selloff that has lifted the inverse ETF throughout the week.
- The move tracks broader technology weakness and semiconductor rotation pressure, with Nvidia and the chip complex remaining central to the downside narrative.
- Investor anxiety regarding the sustainability of AI capital expenditures and geopolitical tensions continue to weigh heavily on the semiconductor sector.