🔴 SanDisk 2x Leveraged ETF (SNDG) is trading 14.65% down after fiscal 2027 revenue forecast missed expectations

SNDG is trading at $6.15 (-14.65%) after SanDisk’s fiscal 2027 revenue forecast fell short of elevated analyst expectations.

• SanDisk exceeded quarterly earnings and revenue expectations, but forecast $10.3 billion–$10.8 billion in first-quarter fiscal 2027 revenue.
• SNDG reflects 2x daily exposure to SanDisk; Western Digital, SK Hynix, and Micron also declined as investors reassessed memory and AI-related semiconductor valuations.
• Broader technology weakness and the August 5 semiconductor selloff amplified SNDG’s leveraged decline.