🔴 2X Long SanDisk ETF (SNDU) is trading 4.97% down today after SanDisk issued below-expectations Q1 guidance

SNDU is trading at $14.68 (-4.97%) on August 7, 2026, after SanDisk issued fiscal Q1 2027 guidance of $10.3 billion–$10.8 billion, below elevated expectations.

• SanDisk’s cautious outlook, softer margin guidance and concerns AI-driven demand may not exceed already-high valuations pressured broader storage/semiconductors; SNDU’s 2x exposure magnifies weakness.
• SNDU fell 13.26% to $15.50 on August 6 and 10.83% to $17.87 on August 5.
• Market weakness and pre-jobs-report caution may add pressure; SanDisk guidance remains the dominant catalyst.