SNXX is trading at $12.72, down 3.85% from its regular-session close of $13.20, as a global selloff in the technology and semiconductor sectors intensifies.
- The 2x leveraged ETF, which tracks the SNDK equity index, is facing pressure from investor concerns over expensive AI infrastructure spending and weak guidance from major chipmakers.
- The move follows a period of steep declines tied to the unwinding of the AI-led tech rally and is further exacerbated by heightened geopolitical tensions in the Middle East.