The GraniteShares 2x Long AMD Daily ETF (AMDL) closed at $7.64 on January 2, 2025, down 0.26% as Advanced Micro Devices (AMD) shares experienced a modest increase of 0.09% to $120.90. AMD's stock saw a slight uptick, trading as high as $123.14, driven by positive sentiment from recent analyst ratings. Evercore ISI raised its price target for AMD to $198, maintaining an "outperform" rating, while Roth Mkm and Cantor Fitzgerald reiterated "buy" and "overweight" ratings, respectively. Despite some analysts lowering their price targets, the consensus remains a "Moderate Buy" with an average target price of $191.96. The semiconductor index (SOX) also rose by 0.83%, reflecting broader sector strength.