🟢 Leveraged SanDisk ETF (SNDU) is trading 8.5% up in pre-market after SanDisk’s bullish AI-storage outlook

SNDU is trading at $23.82 (+8.50%), primarily tied to SanDisk’s August 13 investor-day outlook.

• Management projected mid-to-high-teens revenue growth through fiscal 2030, approximately 80% gross margins, and strong demand from AI infrastructure, lifting semiconductor and storage sentiment.
• Cooler July PPI reduced rate-hike concerns; S&P 500 and Nasdaq futures were slightly higher.
• Retail-sales and consumer-sentiment releases remain potential volatility catalysts.