🟢 SanDisk 2X ETF (SNDU) is trading 3.3% up in after-hours trading on AI-storage demand optimism

SNDU is trading at $30.66 (+3.27%) as SanDisk’s August 13 Investor Day continues driving optimism around AI-storage demand, long-term contracts, and margins near 80% through fiscal 2030.

• Eight customer agreements totaling approximately $94 billion support expectations for more durable NAND pricing and profitability.
• The broader memory group also rallied, with Micron, Western Digital, and Seagate advancing alongside SanDisk on August 17.
• SNDU targets 200% of SanDisk’s daily performance, magnifying the underlying stock’s continued advance.