The GraniteShares 2x Long AMD Daily ETF (AMDL) closed up 2.33% on January 22, reaching $7.91 as Advanced Micro Devices (AMD) shares rose 0.99% to $123.49 amid positive market sentiment. AMD's stock price increase was supported by analyst optimism regarding its AI and data center segments, with Citi highlighting these areas as strengths ahead of the company's Q4 earnings. Despite a reduction in price targets by some analysts, the overall market sentiment remains favorable, with a consensus price target of $177.71. Additionally, AMD's partnership with Absci received praise for its practical approach, further boosting investor confidence.