SNDU is trading at $19.73, down 3.14%, as semiconductor weakness and intraday profit-taking outweigh Nvidia’s strong results and memory-shortage outlook.

  • Nvidia reported $96.2 billion in revenue and warned memory supply will remain a bottleneck through fiscal 2028; SanDisk initially rose nearly 5% premarket.
  • Broader markets remain positive, concentrating the move in the volatile AI-memory trade. SNDU’s 2X daily leverage can amplify reversals after recent sharp declines and rebounds.