🟢 2X Long SNDK ETF (SNXX) is trading 11.56% up in pre-market on SanDisk strength

SNXX is trading at $18.06 (+11.56%) as continued strength in its sole underlying exposure, SanDisk, drives the pre-market move.

• SanDisk’s August 13 Investor Day outlined sustained high margins, long-term agreements, and strong AI-storage demand.
• JPMorgan resumed Overweight coverage with a $2,250 price target; Asian memory stocks remained firm on August 17.
• The broader market is modestly higher; the move appears tied primarily to SanDisk and memory-storage trade, with SNXX targeting twice SanDisk’s daily performance.