🟢 Semiconductor Inverse ETF (SOXS) is trading 5% up in pre-market as chip stocks remain under pressure

SOXS is trading at $45.82, up 4.99%, likely reflecting continued weakness in semiconductor stocks.

• Micron, Intel, AMD, SK Hynix, Broadcom, and Qualcomm remained under pressure in pre-market trading, despite gains in Nvidia.
• The broader chip selloff followed hotter-than-expected September CPI and renewed worries about inflation, higher interest rates, and the cost of AI investment.
• Nasdaq futures were slightly lower, while broader U.S. futures were mixed, suggesting the move is more sector-focused than a broad market drop.