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GraniteShares launches 2x leveraged ETF on AMD, doubling exposure to its AI growth and Nvidia competition.

Market News
12 Aug 2026
24/7 Wall Street
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Neutral
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GraniteShares introduced the 2x Long AMD Daily ETF (AMDL), which aims to deliver twice the daily returns of AMD stock, amplifying both gains and losses. AMD is growing rapidly in the AI sector, with record revenues and expanding data center business, but it still trails Nvidia, the dominant AI accelerator market leader. The ETF's daily leverage resets can lead to volatility decay, making it more suitable for short-term trading rather than long-term holding. Investors should weigh the potential for amplified gains against the risks of increased volatility and higher expenses compared to owning AMD shares directly.

More News (AMD)

NVIDIA drops China data center revenue in outlook; AMD shows resilience amid geopolitical tensions.

NVIDIA drops China data center revenue in outlook; AMD shows resilience amid geopolitical tensions.

NVIDIA reported $81.6 billion in revenue, up 85% year-over-year, but excluded any China data center compute revenue in its guidance due to export bans, impacting about $20 billion in potential revenue. AMD posted $11.54 billion, up 50%, with a 107% i...

Market News
Neutral
6 hours ago
AMD shares dip despite strong Q2 as margin guidance disappoints; Baird sees 159% upside to $1,250 target.

AMD shares dip despite strong Q2 as margin guidance disappoints; Baird sees 159% upside to $1,250 target.

AMD reported strong Q2 2026 results with revenue up 50% to $11.54 billion and data center revenue doubling, yet shares fell due to flat gross margin guidance of 56% for Q3. Despite the pullback, Baird raised its price target to $1,250, citing AMD's g...

Analyst Insights
Bullish
6 hours ago
Jim Cramer spotlights semiconductor stocks amid strong AI-driven earnings and sector growth.

Jim Cramer spotlights semiconductor stocks amid strong AI-driven earnings and sector growth.

Jim Cramer is highlighting semiconductor stocks as key investments due to strong earnings driven by AI infrastructure demand. Major players like NVIDIA, AMD, Broadcom, Qualcomm, and Marvell show varied strengths: NVIDIA and AMD lead in merchant GPU c...

Market News
Bullish
6 hours ago
AMD remains a Buy with strong AI-driven growth and premium valuation despite competition risks.

AMD remains a Buy with strong AI-driven growth and premium valuation despite competition risks.

Advanced Micro Devices (AMD) continues to be rated a Buy due to its strong growth driven by artificial intelligence (AI) and solid execution. The stock trades at a 31x forward price-to-earnings ratio, reflecting a 29% premium over the sector median, ...

Analyst Insights
Bullish
8 hours ago
Goldman Sachs downgrades AMD to Sell despite record Q2 revenue and AI growth.

Goldman Sachs downgrades AMD to Sell despite record Q2 revenue and AI growth.

Goldman Sachs downgraded Advanced Micro Devices (AMD) to a Sell rating despite the company reporting record Q2 revenue of $11.54 billion, driven largely by its Data Center segment which accounts for 58% of sales. AMD projects strong Q3 revenue of $13...

Analyst Insights
Neutral
17 hours ago
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