On June 26, GraniteShares 2x Long AMD ETF (AMDL) fell 8.48% in regular trading, trading at approximately $65.47/share, with turnover of $43.05 million. As a 2x leveraged product tracking AMD, the ETF amplified the underlying stock's decline.
The semiconductor sector faced broad-based selling pressure, with AMD dropping over 4% after rallying more than 5% the prior session on UBS's target price upgrade to $670. Micron Technology fell over 6%, Marvell Technology dropped over 5%, Intel declined nearly 5%, and TSMC shed over 3%. The selloff was triggered by Apple's across-the-board hardware price increases and reports that OpenAI may delay its IPO to 2027, intensifying investor concerns over whether massive AI capital expenditures can deliver commercial returns.
Additionally, options market activity revealed a synthetic short position exceeding $35 million, reflecting institutional medium-term bearish positioning. The combination of short-term profit-taking following the UBS-driven rally, cooling AI sentiment, and hawkish Federal Reserve signals collectively pressured 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.)
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