🟢 Trading--Leveraged Equity ETF (SNXX) is trading 8.73% up in pre-market on SanDisk’s AI-storage outlook

SNXX is trading at $15.32 (+8.73%), with the pre-market surge appearing primarily linked to SanDisk’s August 13 Investor Day AI-storage outlook.

• SanDisk projected mid-to-high-teens revenue growth, approximately 80% gross margins and roughly 50% adjusted free-cash-flow margins through fiscal 2028–2030.
• The outlook lifted broader memory stocks, reinforcing sector momentum behind SNXX’s leveraged exposure.
• Mixed-to-slightly positive futures and cooler PPI offer a modest tailwind; retail sales and consumer sentiment remain risks after the open but do not appear to explain the pre-market move.