🔴 SNXX is trading 3.6% down today as AI spending concerns pressure chip shares

SNXX is trading 3.6% lower at $14.40 amid pressure on semiconductor shares and renewed AI-spending concerns.

• The ETF provides 2× daily exposure to SanDisk, reported down 4.90% in the sector selloff.
• A report said OpenAI’s annualized revenue was near $50 billion, below the previously circulated $70 billion, reviving concerns about chip demand.
• No SNXX-specific catalyst surfaced; broad-market indices were modestly higher, and volume data was not provided.