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GraniteShares 2x Long AMD ETF soars 303% YTD but plunges 15% after AMD earnings report

Market News
05 Aug 2026
24/7 Wall Street
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GraniteShares 2x Long AMD ETF soars 303% YTD but plunges 15% after AMD earnings report

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.

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