SNDU is trading 3.15% higher in after-hours trading as SanDisk shares rebound after the semiconductor sector’s sharp August 18–19 selloff.

  • Investors bought the dip in SanDisk, while SK Hynix’s announced $29 billion buyback lifted memory stocks in sympathy.
  • SNDU targets 200% of SanDisk’s daily performance through swaps and options, amplifying the move.
  • Easing long-term Treasury yields supported risk appetite; no new SNDU-specific earnings catalyst was identified.