The GraniteShares 2x Long AMD Daily ETF (AMDL) closed down 3.42% on January 7th, ending the day at $8.48 as Advanced Micro Devices (AMD) shares fell 1.57% to $127.52 amid broader market pressures. AMD's decline was influenced by a general sell-off in tech stocks, exacerbated by rising yields that have put pressure on growth-oriented sectors. The semiconductor sector, represented by the SOX index, also saw a 1.84% drop, reflecting investor caution. Despite AMD's recent product announcements, including the Ryzen 9 9950X3D, the stock faced headwinds from a market environment increasingly wary of high valuations and potential interest rate hikes. Analysts have maintained a positive long-term outlook for AMD, citing its strategic moves in AI and data center markets, but short-term sentiment remains cautious.