🔴 SanDisk Leveraged ETF (SNDU) is trading 3.41% down in pre-market amid sector-wide semiconductor selling

SNDU is trading at $21.79 (-3.41%) amid a sharp memory-stock reversal and sector-wide selling.

• The Philadelphia Semiconductor Index fell nearly 5%; SanDisk dropped about 9% on August 18, with peer shares also suffering heavy losses on August 19.
• Nasdaq futures are down 0.47%, while Treasury yields remain elevated despite the U.S. buyback announcement.
• SK Hynix’s $29 billion buyback offers a positive offset, but expensive AI-memory valuations and semiconductor momentum remain concerns.