On September 17, GraniteShares 2x Long AMD Daily ETF rose 13.45% in regular trading, trading at $64.24/share, with turnover of $169 million. The leveraged ETF amplified gains from its underlying stock AMD, which led the chip sector higher.
The primary catalyst was the release of MLPerf Inference v6.1 benchmark results, in which AMD achieved 5.75 million tokens per second using 512 Instinct MI355X GPUs, setting a new record in AI inference performance. Meanwhile, AMD's options market saw two separate $10 million-plus simultaneous long CALL combinations targeting far-dated, high-strike contracts, signaling strong institutional conviction in sustained upside.
The rally also carried characteristics of an oversold bounce. The Philadelphia Semiconductor Index had previously plunged as much as 6% after multiple AI company CEOs called for slowing the pace of technology development, dragging chip stocks broadly lower. The current rebound across the sector — with Intel up over 8%, Marvell and ARM up over 7% — provided additional tailwind. Strategically, AMD has been expanding beyond GPUs into full-rack AI solutions and secured a multi-generational partnership with OpenAI, reinforcing its competitive positioning.
(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.)
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