On June 15, GraniteShares 2x Long AMD Daily ETF (AMDL) rose 9.43% in regular trading, trading at $77.00/share, with turnover of approximately $152 million. As a 2x leveraged ETF tracking AMD, the fund amplified gains as the underlying stock surged over 9% during the session.
The rally was driven by a wave of major Wall Street upgrades on AMD. Citi upgraded AMD from neutral to buy and raised its price target from $460 to $575, citing AMD's emergence as a credible second source in the AI GPU market and the potential for GPU revenue to become a major growth pillar alongside its CPU business. Bank of America separately raised its AMD target price from $500 to $560, naming AMD its top pick in the CPU space. Goldman Sachs had also previously upgraded AMD to buy with a $450 target, highlighting agentic AI tailwinds for server CPUs and data center GPU upside into 2027 and beyond.
The broader Philadelphia Semiconductor Index rose over 5% to a fresh all-time high on June 15, with Micron Technology and Intel also gaining over 6-8%, reflecting strong sector-wide momentum fueled by AI hardware demand and a tightening supply chain across memory, equipment, and compute chips.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
