SOXS is trading at $70.63, up 18.37%, as semiconductor shares extend losses amid fears of tighter AI and data-center regulation following the midterm election outcome.

  • The Philadelphia Semiconductor Index fell more than 3% in premarket trading.
  • Qualcomm’s weaker smartphone-chip forecast added pressure; Nvidia, AMD, and other chipmakers also declined.
  • As a daily inverse semiconductor ETF, SOXS benefits when its underlying chip sector falls; today’s move aligns with that sector weakness.