On September 11, Tradr 2X Long SNDK Daily ETF fell 8.35% in regular trading, trading at $15.005/share, with turnover of $409 million. As a 2x leveraged long product tracking SanDisk, the ETF's decline reflects the amplified drop in its underlying asset, extending the prior session's selloff.

On the news front, Kioxia CEO Hiroo Ota publicly stated that NAND prices have \"risen enough,\" directly suppressing expectations for continued storage chip price increases. He warned that pushing prices too high could undermine data center operators' investment capacity and ultimately damage long-term growth in the AI and memory markets. Kioxia's NAND average prices surged 70% quarter-over-quarter in the June quarter, following a prior quarter where prices more than doubled. Despite Goldman Sachs issuing a bullish report on the storage sector — noting technical breakouts and low hedge fund positioning — the Kioxia CEO's remarks created a sharp bull-bear standoff.

SanDisk shares have accumulated gains exceeding 400% year-to-date, having previously touched a $2,350 high in late June. The stock has faced sustained profit-taking pressure, with short-term NAND price-peak expectations compounding selling pressure on the leveraged ETF.

(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.)