🔴 Trading--Leveraged Equity ETF (SNXX) is trading 20.56% down after disappointing SanDisk guidance

SNXX is trading 20.56% down because it targets 200% of SanDisk’s daily stock performance, magnifying the SNDK selloff.

• SanDisk’s strong fiscal fourth-quarter results were overshadowed by disappointing guidance, sending shares about 9% lower in premarket trading.
• Broader technology weakness, semiconductor profit-taking, concerns about aggressive AI infrastructure spending, heavy Asian chip-stock losses, and Nasdaq pressure are reinforcing the decline.