Movement Alert｜GraniteShares 2x Long AMD Daily ETF Falls 19.07% in Regular Trading, Intel Guidance Shock Hits AMD-Linked Products

Market Focus10-30 21:46

On October 30, GraniteShares 2x Long AMD Daily ETF fell 19.07% in Regular Trading, trading at $52.97, with turnover of $27.02 million.

The main catalyst was a sharp deterioration in sentiment toward AMD after Intel issued guidance far below expectations, intensifying worries about weak PC demand and a prolonged inventory correction across the chip sector.

Reports published the same day said AMD fell more than 10% before the open, while earlier coverage noted AMD was down 6.5% in pre-market trading after Intel warned fourth-quarter revenue could decline about 20% sequentially and that inventory adjustment may last into the first half of 2027. A separate AMD-linked leveraged ETF was reported down 13.62% before the open, reflecting how weakness in AMD and broader semiconductor shares can be amplified in 2x products. AMD is also scheduled to report on November 3, adding event risk as investors reassess near-term earnings expectations.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment