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

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)

Jim Cramer urges investors to hold semiconductor stocks despite recent sell-off due to strong chip demand.

Jim Cramer urges investors to hold semiconductor stocks despite recent sell-off due to strong chip demand.

Jim Cramer advises investors not to abandon semiconductor stocks despite a recent 7.2% drop in the VanEck Semiconductor ETF over six sessions. He emphasizes strong long-term demand driven by advanced consumer devices and AI, highlighting Micron's sec...

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AMD's AI GPU and server CPU sales surge, projecting $50B revenue by 2027 and $1,200 stock price by 2029

AMD's AI GPU and server CPU sales surge, projecting $50B revenue by 2027 and $1,200 stock price by 2029

Advanced Micro Devices (AMD) is rapidly expanding in both AI GPU and premium server CPU markets, now leading in high-end server CPUs. Forecasts suggest AMD's CPU server sales could surpass $50 billion by 2027, with rising revenue and earnings per sha...

Analyst Insights
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S&P 500 gains driven by few AI chipmakers, while over 40% of stocks fall in 2026

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The S&P 500 has risen 14% in 2026, reaching record highs, but this rally is heavily concentrated in a few AI-related chipmakers like Nvidia, Sandisk, and Micron Technology. Over 40% of the index's stocks are actually down this year, with many sectors...

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Nvidia shares drop 1% as Microsoft unveils new AI chip reducing reliance on Nvidia GPUs

Nvidia shares drop 1% as Microsoft unveils new AI chip reducing reliance on Nvidia GPUs

Nvidia shares fell 1% after Microsoft announced its third-generation Maia 300 AI chip, designed to improve efficiency and reduce costs in AI workloads. The Maia 300 offers 40% more tokens per megawatt and up to seven times the throughput of its prede...

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