Stock Track | Tradr 2X Long SNDK Daily ETF Soars 9.91% on Bullish SanDisk Outlook and Morgan Stanley Target Hike

Stock Track

Apr 29

The Tradr 2X Long SNDK Daily ETF (SNXX) recorded a 24-hour surge of 9.91%, with a significant portion of the gains occurring during the after-hours session on Tuesday.

The leveraged ETF's sharp rise is attributed to renewed investor optimism surrounding its underlying stock, SanDisk, ahead of the company's upcoming fiscal third-quarter earnings report. Morgan Stanley significantly raised its price target on SanDisk to $1,100 from $690 while maintaining an Overweight rating, which is well above the analyst consensus. Market expectations for the quarter are robust, with analysts citing a NAND super cycle fueled by surging AI-driven storage demand as a key catalyst, as generative AI inference workloads are projected to drive annual storage demand growth exceeding 60%.

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Morgan Stanley significantly raised its price target on SanDisk to $1,100 from $690 while maintaining an Overweight rating, which is well above the analyst consensus. Market expectations for the quarter are robust, with analysts citing a NAND super cycle fueled by surging AI-driven storage demand as a key catalyst, as generative AI inference workloads are projected to drive annual storage demand growth exceeding 60%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNXX","symbol_name":"2倍做多SNDK ETF-Tradr","start_time":0,"source_url":"","article_id":"1194668253","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194668253","pubTimestamp":1777421108,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Tradr 2X Long SNDK Daily ETF (SNXX) recorded a 24-hour surge of 9.91%, with a significant portion of the gains occurring during the after-hours session on Tuesday.The leveraged ETF's sharp rise...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNXX":"2倍做多SNDK ETF-Tradr"},"translate_title":"股票追踪|Tradr 2倍多头SNDK Daily ETF因SanDisk前景看涨和摩根士丹利目标上调而飙升9.91%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNXX":1},"content_text":"The Tradr 2X Long SNDK Daily ETF (SNXX) recorded a 24-hour surge of 9.91%, with a significant portion of the gains occurring during the after-hours session on Tuesday.The leveraged ETF's sharp rise is attributed to renewed investor optimism surrounding its underlying stock, SanDisk, ahead of the company's upcoming fiscal third-quarter earnings report. 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