Tradr 2X Long SNDK Daily ETF (SNXX) experienced significant upward movement intraday, soaring 11.57% as the storage sector rally extended.
The leveraged ETF tracking SanDisk continued its multi-day surge, driven primarily by Citi's recent upgrade of its price target for the underlying stock. Analysts cited an AI-driven NAND supercycle as the key catalyst, with investors positioning for sustained growth in memory and storage demand fueled by expanding artificial intelligence workloads.