SOXS is trading at $45.16, down 5.88%, as strength in semiconductor shares typically weighs on the inverse ETF. - The Philadelphia Semiconductor Index rose 2.82% on October 26 as optimism about AI demand returned after Anthropic’s IPO filing. - Chip gains extended in Asia on October 27, with Nvidia, SK Hynix, and Samsung among the reported beneficiaries. - The cited coverage supports a sector-driven explanation but does not establish a separate macro catalyst for SOXS’s decline.