🔴 SOXS.MX is trading 21.4% down today on strong chip earnings and AI demand

SOXS.MX is trading 21.4% down today as semiconductor stocks extend their rally on the back of strong earnings and upbeat AI demand commentary.

• The underlying semiconductor index and long ETF peers are gaining as risk sentiment improves across the technology sector.
• The drop follows yesterday’s sector surge, showing continued momentum into today’s open for the chip benchmark.
• As a 3x leveraged inverse ETF, SOXS.MX is designed to move down multiple times the daily gain of its underlying index.