On July 6, Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 9.06% in regular trading, trading at $3.9897/share, with turnover of $393 million. As a 3x inverse leveraged product tracking the semiconductor sector, its sharp decline reflects a strong rebound in the underlying semiconductor index.

On the news front, Micron Technology officially broke ground on a factory expansion project in Hiroshima, Japan on July 4, with total investment of approximately $9.3 billion (1.5 trillion yen). The new production line will focus on manufacturing high-bandwidth memory (HBM) chips critical to AI-era computing, with shipments expected to begin as early as summer 2028. Japan's Ministry of Economy, Trade and Industry has committed up to 500 billion yen in subsidies to support the project.

Micron's massive capital expenditure plan reinforces confidence that AI computing demand remains robust. Combined with capital flowing back into semiconductor names following a prior wave of panic selling, bulls mounted a forceful counterattack, 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.)