On October 2, GraniteShares 2X Long INTC Daily ETF rose 9.4% in regular trading, trading at $34.19/share, with turnover of approximately $43.86 million. The ETF tracks Intel's daily stock performance with 2x leverage.
On the news front, U.S. semiconductor stocks staged a broad-based rally, with the Philadelphia Semiconductor Index climbing 3%. Intel gained over 3%, ARM surged more than 4%, AMD and Broadcom each rose over 3%, and NVIDIA advanced 2.8%. The sector-wide rebound directly amplified the leveraged ETF's upside. Intel had previously pulled back on layoff-related headlines, but its CEO disclosed that CPU shipments currently fulfill only 50% of customer demand, with lead times extending to 25–30 weeks. This tight supply-demand dynamic provided fundamental support for the stock's rebound and, by extension, the ETF's magnified move higher.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)