SOXS.MX is trading 12.0% down today as a broad rebound in the semiconductor sector pressures the triple inverse bearish ETF.
- The decline follows a surge of over 4% in semiconductor benchmarks like SOXX, driven by renewed optimism regarding upcoming tech earnings and sustained AI-related demand.
- As a fund providing triple inverse exposure to chip stocks, SOXS.MX experiences amplified losses when the underlying sector rallies.
- Positive analyst upgrades across the semiconductor space have further contributed to the downward pressure on the bearish instrument.