On August 3, Tradr 2X Long SNDK Daily ETF fell 8.57% in pre-market trading, trading at $8.60/share, with turnover of $26.37 million. The ETF is a 2x leveraged long product tracking SanDisk, which declined approximately 3.65% in pre-market trading, with the leverage mechanism amplifying the underlying loss.

On the news front, SanDisk is scheduled to report quarterly earnings on August 5 after market close, with consensus estimates calling for revenue of approximately $8.4 billion and adjusted EPS of around $34.45. Following a cumulative 47% plunge in July — driven by a deep correction beginning July 24 before stabilizing around July 30 — investors remain cautious about whether the upcoming results can validate the sustainability of AI-driven storage demand. Bull-bear sentiment has intensified significantly ahead of the report, further amplifying volatility in leveraged instruments. SanDisk's prior quarter delivered revenue of $5.95 billion with adjusted EPS of $23.41, representing 251% year-over-year growth, and the company has secured multiple long-term agreements under its new business model.

(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.)