On August 14, GraniteShares 2x Long AMD Daily ETF rose 8.47% in regular trading, trading at $56.38/share, with turnover of $55.18 million. As a 2x leveraged ETF on AMD, the gain reflects multiple positive catalysts converging on the underlying stock.
On the news front, UBS Group issued a research note stating that due to TSMC capacity constraints, AMD will sign a wafer foundry agreement with Intel, adopting Intel's EMIB-T packaging solution with mass supply expected in 2027. UBS noted that EMIB-T packaging yield has approached 90%, though substrate yield remains a bottleneck at 50%. Additionally, UBS indicated that Google, Apple, and SpaceX are also expected to sign foundry agreements with Intel.
Simultaneously, AMD's $4.75 billion senior unsecured notes offering pricing has been finalized, issued in four tranches with maturities ranging from three to ten years. Proceeds will fund AI infrastructure investment. This marks one of AMD's largest-ever investment-grade bond issuances, coming as the company deepens partnerships with Anthropic and Microsoft. Furthermore, AMD's options market saw a $6.7 million far-dated $500 strike call option block trade, signaling dominant bullish sentiment.
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