Direxion Daily Semiconductors Bear 3x Shares (SOXS) fell sharply by 5.09% during pre-market trading, reflecting significant downward pressure on this inverse semiconductor ETF.

The decline comes as semiconductor stocks rebounded strongly in overnight trading. The bullish counterpart SOXL rose alongside other chipmakers including Qualcomm, Microchip, Micron, Marvell, ARM, Applied Materials, and ASML, which all posted gains ranging from 1% to over 3%.

Market sentiment toward the semiconductor sector received a potential boost from reports that the Trump administration is inviting CEOs from major technology companies including Nvidia, Apple, and Qualcomm to accompany the president on an upcoming trip to China, signaling potential diplomatic engagement that could benefit the industry.