On September 21, GraniteShares 2x Long AMD Daily ETF rose 9.52% in regular trading, trading at $75.16/share, with turnover of $66.74 million. The leveraged ETF amplified gains in its underlying stock AMD, which advanced approximately 2.8% on a confluence of bullish catalysts.

On the news front, unconfirmed reports indicated that AMD has notified customers of a 10% price increase across its entire chip product lineup effective Q4, primarily driven by rising wafer manufacturing costs at foundry partner TSMC. TSMC has reportedly raised its chip fabrication quotes by approximately 10% due to persistently higher production costs, with AMD outsourcing the vast majority of its chip manufacturing to the foundry giant.

Simultaneously, MLPerf Inference v6.1 benchmark results revealed that AMD achieved 5.75 million tokens per second using 512 Instinct MI355X GPUs, setting a new record in AI inference performance and reinforcing confidence in AMD's competitiveness against rivals in the AI accelerator market. Additionally, Citi Research noted that recent semiconductor pullbacks represent a compelling buying opportunity, arguing that concerns over slowing AI capital expenditure have been excessively priced in, with AI inference demand growth and supply tightness expected to sustain sector-wide capital investment expansion.

(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.)