On June 4, GraniteShares 2x Long AMD ETF (AMDL) declined 10.82% in regular trading, trading at $67.4/share, with trading volume of approximately $74.72 million. The leveraged ETF amplified AMD's underlying decline as the broader semiconductor sector came under heavy selling pressure.
Multiple catalysts drove the selloff. AMD shares fell 3.51% amid a collective semiconductor rout, with Broadcom dropping 13% and Arm falling 6.3%. Bridgewater founder Ray Dalio issued a warning that an AI bubble is approaching a breaking point, citing speculative excess and paper wealth growth far outpacing actual cash flow expansion. Additionally, NVIDIA's recent entry into the PC processor market with its RTX Spark chip continues to weigh on AMD, as analysts suggest NVIDIA could rapidly erode AMD's market share in both PC and server CPU segments. As a 2x daily leveraged product tracking AMD, AMDL magnified the underlying stock's losses during the session.
(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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