🟢 2X Long SanDisk ETF (SNDU) is trading 3.25% up in pre-market after SanDisk’s post-earnings rebound

SNDU is trading at $15.23, up 3.25% from the August 10 close, primarily on SanDisk’s rebound after its post-earnings selloff.

• Strong results and renewed interest increased volatility in its concentrated memory-sector exposure; cautious guidance overshadowed SanDisk’s earnings beat.
• Nasdaq futures were modestly higher and semiconductor sentiment improved overnight; no major U.S. economic release was scheduled for August 11.
• Rising oil prices and the U.S.-Iran impasse posed an offsetting inflation risk; SNDU’s leveraged structure amplified the move.