Direxion Daily Semiconductors Bear 3x Shares (SOXS) surged 15.08% during intraday trading on Monday. The leveraged exchange-traded fund, which seeks to deliver three times the inverse daily performance of semiconductor stocks, experienced significant upward movement as the underlying semiconductor sector faced broad selling pressure.

The sharp rise in SOXS came as semiconductor stocks extended their losses, with the Philadelphia Semiconductor Index falling approximately 3% and bringing its five-day decline to nearly 9%. Memory chip manufacturers, equipment suppliers, and optical component makers all contributed to the sector-wide downturn, creating ideal conditions for the inverse semiconductor ETF to rally.