🔴 SOXS is trading 7.7% down today after Micron earnings beat and strong AI outlook lift semiconductor stocks

SOXS is trading at $3.76, down 7.7% from its previous close, as Micron Technology’s strong Q3 results and AI-driven guidance boost the broader semiconductor sector.

• The inverse ETF, which provides 3x leveraged short exposure to the ICE Semiconductor Index, is facing pressure as chip stocks rally in after-hours trading.
• Micron reported an earnings beat and provided an optimistic outlook fueled by robust demand for AI memory chips, lifting sentiment across the industry.
• The decline follows a regular-session close of $4.04 on June 24, 2026.