On June 18, Tradr 2X Long SNDK Daily ETF rose 8.23% in pre-market trading, trading at $37.9999/share, with turnover of approximately $31.08 million. As a 2X leveraged ETF tracking SanDisk, the fund amplified gains in the underlying storage sector.

On the news front, Aletheia Capital significantly raised its DRAM and HBM price expectations, stating that memory is becoming the most critical component in AI hardware, with its value share expected to rise from approximately 40% in 2025 to over 70% by 2027. The broader storage sector rallied in pre-market trading, with Western Digital and Silicon Motion up over 5%, Micron up over 4%, and SanDisk following suit.

The move extends a multi-week rally in storage names driven by tightening supply dynamics. Cloud service providers have fully booked available long-term agreement capacity through 2027 and are actively negotiating 2028 supply. Industry-wide DRAM and NAND shortages are expected to widen further from the second half of this year, with consensus forecasting even tighter conditions into 2027, supporting sustained upward pricing momentum for storage manufacturers.

(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.)