LongPoint Asset Management is launching three new double-leveraged ETFs on the Toronto Stock Exchange, offering 2X long exposure to Advanced Micro Devices (AMD), Micron Technology, and SpaceX. These ETFs, trading in Canadian dollars, aim to provide amplified daily returns based on the performance of each company’s stock, catering to sophisticated investors seeking tactical, short-term trading opportunities. The launch expands LongPoint's unique suite of leveraged single-stock ETFs in Canada, highlighting growing investor interest in high-leverage products tied to popular tech and space companies. Investors should note these ETFs are highly speculative, intended for active management, and carry significant risk due to leverage and concentration in single stocks.
Chip stocks led a broad market rally on June 15, with AMD shares jumping 8% to a record near $558, pushing its market cap above $900 billion. The surge follows AMD's launch of the Ryzen AI Halo platform, priced competitively against NVIDIA's DGX Spar...
The Invesco PHLX Semiconductor ETF (SOXQ) has surged 89% year to date and 157% over the past year, fueled by booming AI-related chip demand and record hyperscaler capital expenditures. SOXQ holds 30 major U.S. semiconductor companies, heavily concent...
AMD's market cap has surged to $834 billion, driven by strong Data Center revenue growth of 57% year-over-year and significant deals like Meta's multi-generation GPU purchase. The company has exceeded its 2030 earnings targets early, signaling robust...
A Reddit user shared a story of an investor who put $1 million into the leveraged semiconductor fund SOXL, endured a severe 80% loss during the 2025 tariff-driven selloff, but held on and cashed out near $7.5 million after a strong AI chip market rec...
Wolfe Research reaffirmed its 'Outperform' rating on AMD, maintaining a $450 price target despite it implying an 11% downside from current prices. The focus is on AMD's upcoming AI hardware, especially the MI500 and MI-600 accelerator series, which a...
