On June 5, Tradr 2X Long SNDK Daily ETF fell 9.02% in pre-market trading, trading at $26.84/share, with trading volume of $24.87 million. The fund is a 2x leveraged long ETF tracking SanDisk (SNDK), with the pre-market decline reflecting approximately 4.5% pullback in underlying stock SNDK.
On the news front, market rumors indicated that NVIDIA's next-generation AI server cluster Rubin NVL72 would reduce per-rack memory capacity from the originally planned 55TB to 28TB to alleviate supply chain pressure, switching from 192GB SOCAMM memory modules to 96GB versions. The report, attributed to SemiAnalysis, was identified as a core bearish catalyst for the collective selloff in memory stocks including Micron and SanDisk, though the SemiAnalysis founder subsequently issued a public clarification. Additionally, market participants noted that the upcoming SpaceX IPO may be creating liquidity pressure on high-turnover active stocks, compounding selling momentum in names like SanDisk that had experienced rapid recent gains.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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