On September 10, Tradr 2X Long SNDK Daily ETF fell 8.35% in regular trading, trading at $16.565/share, with turnover of $2.81 billion. The ETF is a 2x leveraged long product tracking SanDisk, whose underlying stock declined over 4% on the same day, with the leverage effect amplifying the loss.

On the news front, Kioxia CEO Hiroo Ota publicly stated that NAND prices have \"risen enough,\" directly suppressing expectations for continued memory chip price increases. He noted that he has instructed his sales team not to push for significant NAND price hikes, aiming to maintain current levels to safeguard artificial intelligence demand. This stance clashed with a bullish Goldman Sachs research note on the storage sector, creating a bull-bear standoff.

At a Goldman Sachs technology conference the same day, SanDisk management assessed that NAND supply remains structurally tight long-term and AI inference demand continues to expand. However, near-term expectations that NAND price increases have peaked, combined with heavy profit-taking pressure, weighed on sentiment. SanDisk shares had accumulated gains exceeding 400% year-to-date, having previously touched a high of $2,350, and have faced sustained selling over the past month.

(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.)