The GraniteShares 2x Long AMD Daily ETF (AMDL) closed down 4.97% on January 31st, ending the day at $6.88 as Advanced Micro Devices, Inc. (AMD) saw its stock price fall by 2.40% to $116.01. The decline in AMD's stock was influenced by broader market trends affecting the semiconductor sector, as indicated by the Philadelphia Semiconductor Index (SOX) which also dipped by 0.29% to 5015.85. The semiconductor industry is currently facing headwinds due to concerns over potential supply chain disruptions and a slowdown in demand from key markets. Additionally, the high trading volume of 11,152,980 shares, which is 140.96% of the average, suggests increased selling pressure on AMD shares.