SOXS is trading 8.7% higher as the recent relief rally in chip stocks fades, prompting a defensive rotation into bearish leveraged exposure.
- Renewed weakness in U.S. semiconductor equities is driving the surge in pre-market trading following a volatile stretch for the sector.
- Investors are rotating defensively amid shifting risk appetite and lingering uncertainty regarding trade tariffs.
- The move highlights increasing demand for inverse exposure as bearish sentiment returns to the broader chip market.