SNXX is trading at $10.98, down 9.42%, amid broader semiconductor-sector pressure.
- SNXX is a daily 2× long SNDK ETF, so its decline reflects leveraged exposure to SanDisk shares.
- On October 13, semiconductor stocks sold off amid concerns about Chinese memory-chip competition and the sustainability of AI spending. South Korea’s Kospi fell 5.5%, while Samsung and SK Hynix slid sharply.
- SanDisk was also reported lower in early trading; its next earnings report is scheduled for October 29.