🔴 SanDisk 2x Leveraged ETF (SNDG) is trading 3.86% down today after below-consensus fiscal 2027 guidance

SNDG is trading at $5.84 (-3.86%) after below-consensus fiscal 2027 revenue guidance overshadowed record quarterly revenue.

• SanDisk’s record $8.97 billion quarterly revenue beat was overshadowed by guidance of $10.3 billion–$10.8 billion.
• Investors are unwinding the premarket rebound amid concerns about slowing AI-memory growth and profit-taking pressure on semiconductor shares.
• SNDG’s leveraged structure amplifies underlying volatility; the July jobs report supported broader risk sentiment rather than explaining SNDG’s decline.