The GraniteShares 2x Long AMD Daily ETF (AMDL) closed down 0.26% at $7.80 on January 24, as Advanced Micro Devices (AMD) shares fell 0.15% to $122.86 amid broader semiconductor sector weakness. The Philadelphia Semiconductor Index (SOX) dropped 1.89%, reflecting a challenging day for chipmakers. AMD's stock faced pressure due to concerns over its competitive positioning against Nvidia, particularly in the GPU market, and skepticism about its earnings projections. Despite recent strategic shifts towards data centers, AMD's stock remains about 21% below its 200-day moving average, indicating ongoing market caution.