On June 8, Tradr 2X Long SNDK Daily ETF rose 11.19% in regular trading, trading at $24.4/share, with trading volume of $188 million. The fund is a 2x leveraged long ETF tracking SanDisk, with its gain reflecting SanDisk's intraday rise of over 4%.

On the news front, the U.S. storage chip sector staged a broad-based rebound following two consecutive days of heavy selling on June 4-5. Micron Technology surged over 8%, Western Digital gained over 5%, and SanDisk rose over 4%. The prior pullback was primarily triggered by Broadcom's failure to raise its fiscal 2026 AI chip sales guidance, which caused Broadcom to plunge over 12% in a single session, spreading risk-off sentiment across the semiconductor sector. SanDisk, which had just set a record high above $1,800 on June 3, dropped over 7% during the selloff as profit-taking intensified.

The rebound was further supported by investment banks significantly raising target prices on storage names. Analysts note that while AI-driven demand for high-bandwidth memory remains structurally intact, near-term sentiment had become overly pessimistic after the Broadcom-triggered correction, creating conditions for a technical recovery.

(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.)