🟢 SNDQ is trading 0.5% up today as Sandisk extends selloff amid AI memory cost concerns

SNDQ is trading 0.5% up today as its underlying long-equity exposure in Sandisk (SNDK) continues to weaken following a sharp rebound tied to Micron’s strong AI earnings in the prior session.

• Broader tech pressure is weighing on semiconductor names, driven by investor concerns over rising AI infrastructure and memory costs.
• The -2x inverse ETF is seeing modest gains despite overall market indices trading lower, as Sandisk's momentum fades from the previous session's rally.
• The continued selloff in SNDK provides a tailwind for this leveraged inverse instrument as the market recalibrates AI-driven valuations.