On June 24, Tradr 2X Long SNDK Daily ETF declined 8.39% in regular trading, trading at $30.65/share, with turnover of $618 million. As a 2X leveraged ETF tracking storage-related equities, the fund amplified broad losses across the memory semiconductor sector.

On the news front, Korean media reported that NVIDIA's Rubin chip production forecasts have been revised downward, prompting SK Hynix to slow its HBM4 capacity expansion and pivot toward general-purpose DRAM products that carry profit margins exceeding HBM by over 15 percentage points. The report cast doubt on the near-term outlook for AI infrastructure demand, triggering a chain reaction across global memory stocks, with Micron plunging as much as 13% during US trading. The sharp reversal in sentiment contrasts with earlier industry forecasts projecting the global WFE market to grow 26% and 35% in the coming two years, with DRAM and NAND spending expected to account for 24% and 15% of total equipment spending respectively.

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