🟢 Trading-Inverse Equity ETF (SOXS) is trading 4.72% up today as Marvell's weak outlook pressures chips

SOXS is trading at $47.49, up 4.72%, as semiconductor stocks retreat following Marvell Technology’s weaker-than-expected forward outlook.

• Marvell fell more than 8% premarket, weighing on chip shares after NVIDIA’s prior-session rally and renewing concerns about elevated expectations for AI-linked companies.
• Additional support comes from caution ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech, where inflation and potential rate hikes remain market concerns.