On August 4, Tradr 2X Long SNDK Daily ETF rose 8.34% in pre-market trading, trading at $11.2517/share, with turnover of $28.38 million. The ETF is a 2x leveraged long product tracking SanDisk, which gained approximately 4.05% pre-market, with the leverage mechanism amplifying the upside.

On the news front, the latest research from TrendForce indicates that the DRAM supply-demand imbalance will persist through 2027. The memory supply crunch has reportedly forced NVIDIA to revise its Rubin Ultra HBM configuration plans multiple times, while some cloud service providers are considering reducing HBM capacity designs for their next-generation custom ASICs. The tightening supply backdrop provides fundamental support ahead of SanDisk's quarterly earnings report scheduled for August 5 after market close, with consensus revenue expectations around $8.4 billion.

Notably, options markets revealed a $2.16 million put purchase on SanDisk at the 745 strike expiring August 14, suggesting some institutional participants are hedging or positioning for potential downside despite the near-term strength. The ETF had declined over 10% in the prior session following disappointing results from competitor Kioxia.

(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.)