🔴 Semiconductor ETF (SOXS) is trading 5.04% down in pre-market as chip-stock rally pressures inverse ETF

SOXS is trading at $45.56, down -5.04% in pre-market as strength in chip stocks pressures the inverse semiconductor ETF.

• The Philadelphia Semiconductor Index rose 2.82% on October 26 as Anthropic’s IPO filing renewed optimism about AI demand; Nvidia, Micron, and AMD also advanced.
• Asian chip shares extended the rally overnight, and the supplied market context shows U.S. futures higher.
• The sector rebound and positive risk sentiment help explain SOXS’s pre-market drop.