🟢 2X Long SNDK ETF (SNDU) is trading 5.1% up after Nvidia flagged memory shortages

SNDU is trading 5.1% up as NVIDIA’s strong earnings and outlook renewed enthusiasm for AI infrastructure.

• Nvidia indicated memory shortages are limiting its ability to meet demand, strengthening the outlook for memory supplier SanDisk, SNDU’s underlying exposure.
• The move is amplified by SNDU’s 2x daily leverage, while broader technology sentiment is also positive as Nasdaq futures advanced following Nvidia’s results.