The GraniteShares 2x Long AMD Daily ETF (AMDL) closed at $7.26 on January 16, 2025, down 2.81%, as Advanced Micro Devices (AMD) faced a downgrade from Wolfe Research, which cited concerns over data center GPU revenue expectations. AMD's stock fell 1.39% to $118.29, reflecting investor apprehension about the company's near-term prospects. Wolfe Research's downgrade from "outperform" to "peer perform" was driven by the belief that AMD is unlikely to provide guidance for its data center segment in the upcoming earnings call, adding to the uncertainty. This sentiment diverges from the broader Wall Street consensus, which remains optimistic about AMD's long-term potential. The semiconductor sector, represented by the SOX index, showed a slight increase of 0.18%, indicating that the broader market sentiment remains somewhat positive. However, AMD's specific challenges, particularly in the data center segment, have overshadowed this general optimism.