🔴 AMD 2x Daily ETF (AMDC) is trading 4.25% down today after AMD’s guidance missed expectations

AMDC is trading at $18.43 (-4.25%), reflecting leveraged exposure to AMD as semiconductor stocks face renewed pressure after AMD’s third-quarter guidance fell short of elevated investor expectations.

• AMD’s approximately $13 billion third-quarter guidance overshadowed strong quarterly results and raised concerns about the pace of AI-driven growth.
• Disappointing SanDisk guidance revived concerns about cooling memory demand and AI-related capital spending.
• Markets remained cautious ahead of the July U.S. jobs report, limiting risk appetite for volatile leveraged technology products.