🔴 AMD 2x Daily ETF (AMDC) is trading 4% down after storage guidance fueled AI infrastructure concerns

AMDC is trading at $17.88 (-3.97%) on August 6, 2026, as continued weakness in AMD is magnifying the move.

• The fund provides approximately 2x daily exposure to AMD.
• AMD remains pressured after investors demanded a stronger AI-growth payoff; disappointing storage-company guidance intensified concerns about AI infrastructure spending and semiconductor valuations.
• Western Digital and SanDisk declines are weighing on the chip complex, with Nasdaq futures also under pressure.