On July 6, Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 10.64% overnight, trading at $4.09/share, with turnover of $3.20 million. As a triple-leveraged inverse semiconductor product, the sharp decline reflects a strong rebound in the underlying semiconductor sector.

On the news front, Micron Technology officially broke ground on July 4 on a factory expansion at its Hiroshima, Japan facility, with total investment of approximately $9.3 billion (1.5 trillion yen). The new production line will focus on high-bandwidth memory (HBM) chips critical to AI processors from companies like NVIDIA, with initial shipments expected by summer 2028. Japan's Ministry of Economy, Trade and Industry has pledged up to 500 billion yen in subsidies to support the project.

Micron's aggressive capacity expansion underscores sustained AI computing demand. Combined with post-selloff capital rotation back into semiconductors following the sector's steep correction on July 1-2, bulls mounted a forceful recovery, driving the inverse leveraged product sharply lower.

The fund invests at least 80% of net assets in financial instruments providing 3X daily inverse exposure to an index tracking the 30 largest U.S.-listed semiconductor companies. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)