SNXX is trading 13.92% higher at $19.76 after continued strength in its underlying SanDisk exposure. - Rosenblatt initiated SanDisk coverage with a Buy rating and a $2,400 price target, citing AI-driven storage demand. SanDisk also gained strongly in the prior session, amplifying SNXX’s daily 2x leveraged move. - Broader markets are slightly lower, with the advance appearing tied to SanDisk and memory-sector momentum rather than broad risk-on sentiment. Recent sharp SNXX gains indicate elevated activity and momentum trading.