• The semiconductor sector, including SanDisk (SNDK), experienced significant declines today due to concerns over the AI-driven rally and Samsung Electronics' Q2 earnings results.
  • SNDK, the underlying asset for the 2x short SNDQ ETF, reportedly fell by 5.2%.
  • Despite SNDQ being a 2x short ETF designed to gain when SNDK falls, it is trading down 0.15% today, indicating a divergence from its typical inverse correlation.