Stock Track | Tradr 2X Long SNDK Daily ETF Soars 8.24% in Pre-Market on Citi's Massive SanDisk Target Hike and AI-Driven NAND Super Cycle

Stock Track

05/20

Tradr 2X Long SNDK Daily ETF (SNXX) soared 8.24% in pre-market trading on Wednesday, extending a recent rebound.

The leveraged ETF's sharp gain was primarily fueled by Citi's aggressive price target upgrade on its underlying holding, SanDisk. Analyst Asiya Merchant raised the target from $1,300 to $2,025, citing the firm's conviction that the AI agent wave is triggering an unprecedented super cycle for NAND flash memory storage. Citi forecasts NAND average selling prices to surge 186% in 2026.

Further supporting the bullish sentiment were strong fiscal third-quarter results from memory manufacturers SanDisk and Kioxia, with SanDisk's data center revenue surging 233% sequentially. Broader industry projections indicate supply-demand imbalances in the NAND market are expected to persist through 2027, underpinning the positive outlook for the sector.

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Broader industry projections indicate supply-demand imbalances in the NAND market are expected to persist through 2027, underpinning the positive outlook for the sector.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNXX","symbol_name":"2倍做多SNDK ETF-Tradr","start_time":0,"source_url":"","article_id":"1159000343","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159000343","pubTimestamp":1779282882,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Tradr 2X Long SNDK Daily ETF (SNXX) soared 8.24% in pre-market trading on Wednesday, extending a recent rebound.The leveraged ETF's sharp gain was primarily fueled by Citi's aggressive price target...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNXX":"2倍做多SNDK ETF-Tradr"},"translate_title":"股票追踪|TRADR 2倍多头SNDK Daily ETF盘前飙升8.24%，因花旗大幅上调SanDisk目标和人工智能驱动的NAND超级周期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNXX":1},"content_text":"Tradr 2X Long SNDK Daily ETF (SNXX) soared 8.24% in pre-market trading on Wednesday, extending a recent rebound.The leveraged ETF's sharp gain was primarily fueled by Citi's aggressive price target upgrade on its underlying holding, SanDisk. 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