The GraniteShares 2x Long AMD Daily ETF (AMDL) surged 6.71% to close at $7.47 on January 15, driven by a 3.37% rise in Advanced Micro Devices (AMD) stock, which reached $120.00. AMD's upward momentum was fueled by a combination of positive market sentiment and recent analyst activity. Notably, Loop Capital initiated coverage on AMD with a "buy" rating and a $175 price target, contributing to investor optimism. Additionally, the broader technology sector experienced gains as CPI data aligned with expectations, easing inflation concerns. Despite some bearish options activity, with 51% of trades showing bearish tendencies, the stock's performance was bolstered by a bullish outlook from several analysts, including Wells Fargo and Keybanc, who maintained their "overweight" ratings.