SOXS is trading at $36.48, up 4.55% from the September 21 close of $35.33, as modest overnight weakness in Nasdaq and semiconductor futures supports the inverse fund.

  • U.S. index futures mixed to slightly lower; AMD, NVIDIA, and Broadcom modestly lower pre-market.
  • Move appears primarily a short-term rebound and hedging response after the powerful September 21 semiconductor rally, when AMD, Intel, and Qualcomm surged.
  • Alibaba’s new AI-chip announcement adds competitive uncertainty, not a clear direct catalyst.