🟢 Semiconductor Inverse ETF (SOXS) is trading 7.25% up as global chip selling continues

SOXS is trading at $46.80, up 7.25%, as global semiconductor selling continued amid concerns over higher borrowing costs.

• Hotter-than-expected September CPI revived concerns about further Fed rate hikes, pressuring rate-sensitive technology shares.
• Higher borrowing costs could constrain debt-funded AI infrastructure spending. Micron, Intel and AMD were lower in premarket trading, while Nvidia bucked broader chip weakness.
• The Nasdaq was down 0.57%, while the Dow was up 0.60%.