On September 21, GraniteShares 2x Long AMD Daily ETF rose 8.93% in pre-market trading, trading at $72.80/share, with turnover of $7.6275 million. The underlying stock AMD advanced approximately 2.8% pre-market to around $577.46, with the 2x leveraged ETF amplifying the move.

The rally was driven by dual catalysts. First, MLPerf Inference v6.1 benchmark results revealed that AMD achieved 5.75 million tokens per second using 512 Instinct MI355X GPUs, setting a new AI inference performance record and bolstering market confidence in AMD's competitiveness in the AI accelerator space. Second, AMD's broad-based chip price increases further supported bullish sentiment.

The semiconductor sector has been extending a rebound after a sharp prior pullback, during which the Philadelphia Semiconductor Index had dropped as much as 6%. Citi issued a research note arguing that market fears over AI spending deceleration had been significantly overpriced, calling the pullback a buying opportunity. The combination of sector-wide recovery momentum and AMD-specific catalysts propelled the leveraged ETF sharply higher in pre-market hours.

(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.)