🟢 2X Long SanDisk ETF (SNDU) is trading 3.29% up in pre-market after SanDisk's guidance selloff

SNDU is trading at $16.01, up 3.29% from the August 6 close, as traders reposition after SanDisk and Western Digital sold off sharply on disappointing forward guidance tied to elevated AI expectations.

• SanDisk’s weakness directly affects SNDU because the ETF targets 200% of SNDK’s daily performance through derivatives.
• Broader futures are modestly positive.
• Investors await the August 7 payrolls report, expected to show 80,000 jobs added and 4.2% unemployment.