Movement Alert|2x Long AMD ETF-GraniteShares Rises 9.08% in Regular Trading, AMD Launches Rack-Level AI System Helios as Microsoft Expands Procurement

Market Focus07-20 21:43

On July 20, 2x Long AMD ETF-GraniteShares rose 9.08% in regular trading, trading at $63.9/share, with turnover of $50.08 million. As a 2x leveraged ETF tracking AMD, the fund amplified the underlying stock's intraday gain of over 4%.

On the news front, AMD officially launched Helios, its first rack-level AI system designed to compete directly with NVIDIA's Grace Blackwell and Vera Rubin platforms. Microsoft announced it will deploy AMD Helios systems in Azure data centers, joining Meta, OpenAI, and Oracle in the adoption lineup. AMD expects Helios deliveries to begin later this year, supporting frontier AI model inference and enterprise AI applications.

Additionally, AMD's Advancing AI conference is scheduled for July 22-23 in San Francisco, where it will showcase Zen 6 architecture EPYC processors. Separately, chip analysis firm SemiAnalysis discovered from AMD executive public code that Anthropic is testing AMD GPUs, potentially becoming a new customer. Market data shows NVIDIA currently holds over 95% of data center GPU market share, with analysts suggesting AMD could capture 20-25% if Helios deployment succeeds.

(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