SNDU is trading 3.8% up today, staging a recovery after two sessions of extreme volatility and significant losses in the semiconductor space.

  • The move follows back-to-back declines of -29.3% and -21.9% driven by a global chip selloff and mounting concerns over Chinese competition in advanced chipmaking.
  • Gains are being amplified by the fund's 2x leverage as underlying Sandisk and broader technology exposure stabilizes following the recent rout.