AMUU·ProShares Ultra AMD

AMUU (ProShares Ultra AMD) is a fund giving 2x daily leveraged exposure to Advanced Micro Devices Inc (AMD). On November 5, Ark Invest sold all of its AMD shares and redirected capital to Nvidia, a move reported by the firm without commentary on AMD’s fundamentals. That same day, AMD closed at $404.40, down 17.26 % amid a broad AI‑chip sell‑off driven by election‑related uncertainty, a decline noted by market coverage. Earlier on November 5, a technical analysis article highlighted that AMD’s share price fell 14.77 % and its average true range was nearly five times that of Nvidia, indicating higher volatility. On November 3, the iShares PHLX SOX Semiconductor Sector ETF sold 69,024 AMD shares for $33.4 million as part of a portfolio rebalancing, a move reported by the fund’s manager. In the same week, DZ Bank raised its price target for AMD from $590 to $620, citing stronger earnings guidance and a favorable competitive position in the CPU market. Finally, Michael Burry’s commentary on Anthropic’s updated S‑1 raised concerns about contractual commitments that could affect AMD’s exposure to the AI firm, though no immediate impact was reported.