On June 22, Tradr 2X Long SNDK Daily ETF rose 6.93% in pre-market trading, trading at $45.69/share, with turnover of $7.09 million. The leveraged ETF tracks SanDisk (SNDK), which continues to benefit from strong momentum in the storage sector.

On the news front, SanDisk disclosed a new patent for stacking NAND flash memory beneath compute chips, aiming to resolve storage capacity bottlenecks driven by surging AI compute demands. This innovation addresses a critical industry pain point as artificial intelligence workloads expose performance limitations in current architectures.

The broader storage sector has maintained exceptional strength, with SanDisk previously surging over 10% in a single session and accumulating gains exceeding 800% year-to-date. Peers including Western Digital and Micron Technology have also posted significant gains, with Micron up approximately 290% cumulatively. SanDisk's financials show a notable recovery trajectory, with net profit reaching $4.53 billion in the most recent quarterly report, reversing prior losses of $1.64 billion.

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