The GraniteShares 2x Long AMD Daily ETF (AMDL) closed down 5.91% at $7.80 on December 18, as Advanced Micro Devices, Inc. (AMD) shares fell 3.20% to $121.02 amid broader market reactions to the Federal Reserve's recent monetary policy decision. The Fed's quarter-point interest rate cut, announced on December 18, has led to a general downturn in the stock market, impacting growth sectors like technology. Additionally, AMD is facing pressure from a U.S. government trade investigation into China's semiconductor production, which raises concerns about potential tariffs or import bans that could disrupt supply chains. This investigation, aimed at addressing national security concerns, adds to the uncertainty surrounding AMD's operations. Furthermore, Micron Technology's disappointing revenue forecast, driven by sluggish demand for smartphones and PCs, has contributed to the negative sentiment in the semiconductor sector.