SOXS is trading at $58.81, up +6.00%, with gains appearing tied to earlier sector weakness and mixed signals. - Election results initially raised fears of tighter AI and data-center oversight, weighing on semiconductor sentiment; U.S. markets later rebounded as investors reassessed the policy outlook. - AMD’s stronger-than-expected results and outlook helped lift chip shares; the Philadelphia Semiconductor Index gained 2.6%, a countervailing move for this inverse ETF, rather than a uniformly continuing broad chip selloff.