SanDisk-fueled ETF rockets 640% as AI storage boom intensifies
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The Tradr 2X Long SNDK Daily ETF has surged nearly 640% since January, driven by SanDisk's dominance in AI storage and a post-spin-off stock increase. SanDisk's impressive revenue, high gross margins, and long-term contracts underscore its importance in AI infrastructure. However, with short interest over 10% of the float, there are concerns about potential sharp pullbacks reminiscent of dot-com excesses.
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