Stock Track | Direxion Daily Semiconductors Bear 3x Shares (SOXS) Plunges 5.38% After-Hours on Positive Semiconductor Sector Developments

Stock Track
Feb 05

Direxion Daily Semiconductors Bear 3x Shares (SOXS) experienced a significant after-hours plunge of 5.38% on Wednesday. This inverse leveraged ETF, which moves opposite to semiconductor stocks, declined as positive sentiment emerged in the semiconductor sector during the trading session.

The drop in SOXS coincided with reports of advancements in semiconductor technology and industrial applications. Positive developments included strategic investments in chip development for emerging fields like embodied AI, with regions such as Sichuan highlighting the chip layer as a foundational priority. Additionally, progress in semiconductor bonding equipment and third-generation semiconductor materials within industrial parks indicated potential growth in manufacturing capabilities.

These positive sector developments typically lead to upward pressure on semiconductor stocks, resulting in downward movement for bearish ETFs like SOXS that bet against the industry.

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