On September 9, GraniteShares 2x Long AMD Daily ETF surged 13.98% in regular trading to $56.70 per share, with turnover of approximately $162 million. As a 2x leveraged product tracking AMD, the ETF amplified AMD's intraday gain of over 3%.

On the news front, OpenAI announced plans to begin deploying its jointly developed AI chip with Broadcom, codenamed Jalapeño, before year-end, while explicitly confirming it will continue using accelerators from NVIDIA, AMD, and other partners. AMD's role as a key component of OpenAI's diversified chip supply chain drew significant market attention. Additionally, OpenAI's latest AI model is expected to boost CPU demand, with both Intel and AMD viewed as potential beneficiaries.

The broader semiconductor sector provided further tailwinds, with the Philadelphia Semiconductor Index rising 2% on the day. Earlier in the week, semiconductor equipment stocks had already rallied, supported by data showing global semiconductor equipment shipments surged 23% year-over-year in Q2 to $40.53 billion. Separately, AMD recently commenced AI infrastructure operations in Saudi Arabia through a joint venture with Cisco and Humain, targeting up to 1 gigawatt of capacity by 2030, reinforcing AMD's expanding footprint in global AI compute deployment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)