SOXS.L is trading 5.1% down today as global semiconductor shares rebound following a sharp technology rout on June 22–23.
- This -4x leveraged bearish product is moving lower in direct opposition to the recovery in chip stocks, which had faced a severe two-day selloff earlier in the week.
- The rebound in the sector occurs despite persistent macro uncertainty surrounding AI profitability and the future path of interest rates.