On June 25, Tradr 2X Long SNDK Daily ETF surged 33.63% in regular trading, reaching $43.8 per share, with turnover of $395 million.

On the news front, Micron Technology reported third fiscal quarter results that massively exceeded expectations, serving as the primary catalyst for the storage sector rally. Micron's EPS surged over 12x year-over-year, revenue came in 16% above consensus estimates, and gross margin hit a single-quarter record of 84.9%. Notably, data center revenue soared 6.5x year-over-year, underscoring robust AI-driven demand.

The blowout results lifted storage stocks broadly, with SanDisk gaining 10% and Western Digital rising 11%. As a 2x daily leveraged product tracking SanDisk, SNXX amplified the underlying stock's gains. Morgan Stanley maintained an Overweight rating on SanDisk with a $1,009.75 price target, citing AI inference demand driving structural transformation in the NAND market. Micron also projected that memory chip supply tightness will persist through 2028, supporting continued elevated industry conditions.

(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.)