Movement Alert｜GraniteShares 2x Long AMD Daily ETF Falls 13.62% in Pre-Market Trading, Chip Stocks Slide After Intel Guidance Miss

Market Focus10-30

On October 30, GraniteShares 2x Long AMD Daily ETF fell 13.62% in Pre-Market Trading, trading at $55.7, with turnover of $1.7646 million.

The move aligns with sharp weakness across semiconductor names after Intel issued fourth-quarter guidance below market expectations, pressuring AMD-related instruments and amplifying downside in leveraged products.

Intel was reported to have projected fourth-quarter revenue of $15.0 billion to $16.0 billion, below the roughly $17.0 billion consensus, with adjusted earnings per share of $0.25 versus market expectations near $0.43. Separate market updates indicated AMD and Arm fell about 5% alongside Intel, while the iShares Philadelphia Semiconductor ETF dropped 5.07% in pre-market activity. Earlier AMD-specific news, including target-price increases and an expanded Meta partnership, did not prevent a reversal as broader sector sentiment deteriorated.

(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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