🔴 Sandisk leveraged ETF (SNXX) is trading 3.14% down today as Apple could source NAND from YMTC

SNXX is trading at $12.47 (-3.14%), extending losses as Sandisk and the broader memory sector remain pressured by reports that Apple could source NAND from China’s YMTC.

• That would intensify competition for U.S. memory suppliers.
• The broader market is nearly flat, while semiconductor investors reposition ahead of NVIDIA’s August 26, 2026 earnings release.
• The decline appears concentrated in leveraged Sandisk and memory exposure rather than a broad-market selloff.