🔴 Leveraged AMD ETF (AMDC) is trading 13.29% down as hotter CPI pressures growth stocks

AMDC is trading at $21.22, down 13.29%, as hotter September CPI revived higher-for-longer rate concerns and pressured growth stocks.

• September CPI was 3.7% year over year versus 3.6% expected. AMD and other chipmakers fell in a broader semiconductor selloff, while AI-investment financing concerns weighed on technology shares.
• AMDC magnifies AMD’s daily move. Its sharp drop continued after the prior session’s 11.31% fall.