The GraniteShares 2x Long AMD Daily ETF (AMDL) closed at $7.24 on January 30th, up 2.4%, as Advanced Micro Devices (AMD) shares rose 1.12% to $118.67, buoyed by strong AI spending and positive analyst sentiment. AMD's stock rebounded as analysts maintained bullish outlooks despite recent volatility caused by DeepSeek's AI chat assistant announcement. The Philadelphia Semiconductor Index (SOX) also climbed 2.29%, reflecting broader optimism in the semiconductor sector. Analysts highlighted AMD's growth in the data center segment, driven by increased adoption of Zen4 and Zen5-based EPYC processors. The market's confidence in AMD's AI capabilities and strategic positioning in the semiconductor industry contributed to the positive sentiment.