On June 25, Tradr 2X Long SNDK Daily ETF rose 23.69% in pre-market trading, trading at $39.6175/share, with turnover of $18.2455 million. The leveraged ETF surged as multiple catalysts lifted the broader memory and storage chip sector.

On the news front, Micron Technology published a quarterly sales forecast that far exceeded Wall Street expectations, providing a strong tailwind for storage-related equities. Meanwhile, SK Hynix officially submitted its U.S. IPO application, announcing plans to list on NASDAQ with a target of raising over $29.4 billion, with a projected listing date of July 10. HSBC Research assigned a 20% premium to SK Hynix's ADR listing, citing strong Q2 performance expectations driven by DRAM and NAND price increases. Nomura raised SK Hynix's target price by 18%. The combination of Micron's robust outlook and renewed optimism across the memory chip supply chain fueled broad-based buying in storage sector instruments.

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