The GraniteShares 2x Long AMD Daily ETF (AMDL) surged 302.7% year-to-date, outperforming AMD's 142.15% gain due to daily compounding in a trending market. However, after AMD's strong Q2 earnings report, AMDL dropped 15.19% intraday, reflecting its leveraged exposure which doubles daily price moves but can amplify losses. Leveraged ETFs like AMDL are designed for short-term trading and can suffer from volatility drag over longer periods, as shown by AMDL's recent one-month decline despite AMD's flat performance. Investors should monitor AMD's Q3 revenue guidance and market sentiment, as AMDL's volatility can lead to rapid swings in value.
The August jobs report showed stronger-than-expected job growth with 162,000 jobs added and unemployment steady at 4.1%, easing concerns about labor market weakness. This shifts the Federal Open Market Committee's (FOMC) attention fully to inflation ...
A TradingView analysis warns that AMD stock might face a severe correction of up to 90% by early December 2029, based on a long-term historical trading pattern. This bearish scenario compares AMD's current position in its ascending trading channel to...
Intel shares climbed 4% and other chip stocks like NVIDIA and AMD also rose, defying expectations that a strong jobs report and increased odds of a September Federal Reserve rate hike would hurt high-multiple tech stocks. The semiconductor sector out...
ARK Invest, led by Cathie Wood, purchased 705,102 shares of Rocket Lab during a recent stock decline, viewing the dip as a buying opportunity. Rocket Lab, valued at around $38 billion, is a smaller public rival to SpaceX, focusing on small-satellite ...
Nvidia is set to acquire Hugging Face, a leading open-source AI platform, for about $14 billion. Hugging Face hosts AI models and datasets freely used by developers, making it central to the AI community. This move helps Nvidia maintain influence ove...
