🔴 AMD 2x ETF (AMDC) is trading 3.17% down in pre-market amid broad chip-sector losses

AMDC is trading at $16.46, down 3.17%, as broad semiconductor weakness pressures the ETF.

• The Philadelphia Semiconductor Index fell 3.13%, with Nvidia, Micron and other chipmakers lower.
• Investors are concerned that tighter oversight or permitting delays for AI data centers after Democrats’ midterm wins could slow infrastructure investment and chip demand. Mixed Qualcomm and Arm results added to jitters; U.S. Nasdaq futures were down 0.76%.
• AMD’s strong results offered a counterpoint, but broad chip-sector pressure appears to be the main catalyst.