🔴 Inverse Equity ETF (SNDQ) is trading 4.51% down as SanDisk strengthens on AI-driven storage demand

SNDQ is trading at $15.05, down 4.51%, consistent with its inverse exposure as SanDisk (SNDK) and memory stocks strengthen.

• Fresh optimism around AI-driven storage demand, tighter NAND pricing, and a positive read-through from NVIDIA earnings has supported SNDK.
• Reports also cite a proposed $31 billion Japan memory investment with Kioxia.
• Broader markets are relatively steady, so the decline appears primarily sector-specific. Rising oil and Treasury yields remain secondary crosscurrents.