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.
Advanced Micro Devices (AMD) reported a record Q2 revenue of $11.5 billion, driven by a 107% increase in data center revenue. Despite strong sales and optimistic Q3 guidance, the company's non-GAAP gross margin remained flat at 56%, raising concerns ...
SpaceX reported strong revenue but shocked investors with $15.83 billion spent on AI infrastructure in Q2. It named NVIDIA as the exclusive AI chip supplier for its Starmind program, boosting NVIDIA-linked ETFs while SpaceX shares fell. AMD, despite ...
AMD's August 4 earnings report highlighted growing confidence in its AI-driven growth, prompting analysts to raise price targets despite recent share price declines. Truist increased its target to $594, citing improved product performance and a data ...
The Dow Jones surged 650 points to a new high of 54,740, and the S&P 500 also reached an all-time high, rising 0.7% to 7,790. However, tech stocks showed weakness with the Nasdaq up only 0.35%, dragged down by a 10% plunge in SpaceX shares after its ...
Advanced Micro Devices (AMD) reported a strong second quarter, driven by its EPYC processors and potential growth from Helios and new Instinct GPUs. Despite solid results, the stock fell about 8% after hours, reflecting investor concerns that the goo...
