🟢 AMD 2x ETF (AMDC) is trading 12% up after AMD’s results and upbeat revenue forecast

AMDC is trading at $18.87, up 11.98%, after AMD’s third-quarter results and upbeat fourth-quarter revenue outlook.

• AMD reported $13.4 billion in revenue; data-center revenue grew 97% year over year, and it forecast approximately $17 billion in fourth-quarter revenue.
• AMD shares rose more than 7% in premarket trading, lifting AMDC, which targets twice AMD’s daily performance.
• Broader risk sentiment improved as U.S. stocks rallied after election uncertainty eased.