The GraniteShares 2x Long AMD Daily ETF (AMDL) closed down 4.1% at $7.48 on December 19, as Advanced Micro Devices (AMD) shares fell 1.88% to $119.13 amid a broader sell-off in semiconductor stocks. AMD hit a new 52-week low, driven by concerns over its valuation and market sentiment. The stock's decline was exacerbated by a significant drop in trading volume, down 74% from its average, indicating reduced investor interest. Analysts have recently adjusted their price targets for AMD, with Bank of America downgrading the stock from "buy" to "neutral" and lowering its target price from $180 to $155, reflecting a cautious outlook.