🔴 AMD 2x ETF (AMDC) is trading 3.26% down in pre-market as chip shares retreat

AMDC is trading at $30.90, down 3.26%, amid weakness across semiconductor shares.

• AMD, Intel, Micron, SanDisk and SOXX were reported lower in pre-market trading after a sharp October rally.
• Equity futures are lower and oil is rising on Middle East supply worries; traders are watching for FOMC minutes later today.
• Citi raised its AMD price target, while available stock data showed only a modest pre-market decline, which does not fully explain AMDC’s larger move.