🔴 Inverse Semiconductor ETF (SOXS) is trading 9% down as semiconductor shares rebound

SOXS is trading at $44.82 (-8.95%) as a broad semiconductor rebound weighs on the inverse ETF.

• The move reverses some of last week’s sharp losses.
• Lower Treasury yields and easing crude prices supported the battered AI trade.
• JPMorgan’s Intel upgrade helped lift chip sentiment.