The GraniteShares 2x Long AMD Daily ETF (AMDL) closed up 0.4% at $7.51 on December 20, as Advanced Micro Devices (AMD) saw its stock price rise by 0.36% to $119.31, buoyed by a series of positive developments. AMD's stock traded as high as $121.12 during the day, driven by bullish sentiment from deep-pocketed investors who have shown significant interest in AMD options, with 65% of the activity leaning bullish. This surge in interest is reflected in the extraordinary options activities, with notable trades including 19 call options amounting to $2,358,178. Additionally, AMD's involvement in a $3.5 billion financing round for Vultr to enhance AI and cloud infrastructure has further fueled investor optimism. Despite Morgan Stanley lowering its price target for AMD from $169.00 to $158.00, the stock's upward momentum was supported by a broader rally in the semiconductor sector, as indicated by the 1.46% rise in the SOX index to 4964.91.