On June 8, GraniteShares 2x Long AMD ETF (AMDL) rose 8.18% in regular trading, trading at $60.43/share, with trading volume of approximately $89.08 million. The leveraged ETF amplified gains from its underlying stock AMD, which rallied over 3% following a major strategic announcement.
On the news front, AMD CEO Lisa Su announced at London Tech Week that the company plans to invest up to 2 billion British Pounds in the United Kingdom over the next five years to accelerate AI research, expand computing infrastructure, and support local innovation ecosystems. AMD also unveiled collaborations with Imperial College London, the University of Cambridge, and Oriole Networks to advance AI research capabilities.
Su stated that despite breakthroughs in recent years, AI remains in a \"very early stage,\" with significant growth potential across foundation models, AI-enabled scientific research, and enterprise applications. She emphasized that \"compute actually equates to intelligence.\" The announcement came alongside a broader semiconductor sector rebound, with the Philadelphia Semiconductor Index recovering from its sharp decline earlier in the week triggered by Broadcom's earnings-related selloff.
(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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