🔴 SOXS.MX is trading 8.7% down today as semiconductor stocks rebound after AI-driven rout

SOXS.MX is trading 8.7% down today as semiconductor stocks stage a broad recovery following last week’s AI-driven selloff.

• The sector-wide rally is being fueled by bargain hunting in beaten-down chip stocks and a recent analyst upgrade, putting significant pressure on inverse products.
• As a 3x bear fund, SOXS.MX is designed to amplify the inverse performance of the underlying semiconductor index, leading to outsized losses during market rebounds.
• The sharp decline follows a period of intense volatility where semiconductor names faced heavy selling pressure amid shifting AI sentiment.