🟢 AMD 2x Daily ETF (AMDC) is trading 6.85% up as Micron outlook lifts chip stocks

AMDC is trading at $30.89 (+6.85%) as Micron’s strong results and outlook lifted chip stocks.

• AMD shares also advanced with chip stocks.
• September payrolls rose just 29,000 versus 90,000 expected, while unemployment reached 4.2%. Falling Treasury yields and reduced rate-hike concerns supported growth stocks and the broader market.
• AMDC’s leveraged exposure can amplify moves in AMD; available information points to semiconductor strength and a supportive risk-on macro backdrop.