🔴 AMD 2x Leveraged ETF (AMDC) is trading 2.1% down in after-hours trading after profit-taking

AMDC is trading at $20.00, down 2.10%, as profit-taking after AMD’s 13.01% gain on August 14 amplified the decline.

• AMDC tracks roughly 2x AMD’s daily performance; AMD also faced investor attention around its $4.75 billion debt offering.
• No fresh earnings catalyst emerged after the August 4 report, which had already produced record $11.5 billion revenue.
• U.S.–Iran tensions lifted oil prices and Treasury yields, pressuring growth equities; the Nasdaq fell 0.3% on August 17.