SOXS.MX is trading 5.2% up today as traders rotate out of high-valuation semiconductor and mega-cap tech names following disappointing earnings reactions and higher-for-longer rate concerns.
- Weakness in the broader technology complex is accelerating after Alphabet’s AI capex shock, which has intensified bearish bets on the semiconductor sector.
- Growth stocks continue to face pressure from elevated oil prices and rising yields, lifting the inverse leveraged ETF during the July 24, 2026, session.