AMD-OpenAI Mega Deal Ignites 77% Surge In This ETF

Core Insights - GraniteShares 2x Long AMD Daily ETF (AMDL) is gaining investor interest due to Advanced Micro Devices Inc (AMD) securing a significant deal with OpenAI, which could generate over $100 billion in revenue over the next four to six years [1][2] - AMD's partnership with OpenAI involves providing up to six gigawatts of computing power using future-generation Instinct MI450X GPUs, expected to be available by late 2026 [1] - The AMDL ETF has increased approximately 77% since the announcement of the OpenAI-AMD partnership [3] AMD and OpenAI Partnership - AMD's multi-year agreement with OpenAI is viewed as a major disruptive opportunity in the AI hardware sector, prompting Bank of America Securities to raise its price target for AMD from $200 to $250 [2] - The deal positions AMDL as a unique ETF that offers concentrated exposure to AMD's expanding AI ecosystem, targeting companies benefiting from AMD's growth in semiconductors and computing infrastructure [2] Intel Collaboration - AMD is in preliminary discussions with Intel to become a foundry customer, which would enhance the interdependence among U.S. chipmakers and strengthen AMD's supply chain as demand increases [4] - This collaboration could validate Intel's foundry comeback while providing AMD with diversified manufacturing partners [4] Investment Strategy - AMDL is positioned as a thematic investment opportunity compared to broader semiconductor ETFs like VanEck Semiconductor ETF (SMH) or iShares Semiconductor ETF (SOXX), which have diversified exposure [5] - The ETF allows investors to capitalize on AMD's potential growth in the AI sector without fully committing to a single stock [6]