AMUU: In My View, AMD's Expected Return Is Still Not Enough

In my opinion AMUU, the 2x leveraged daily ETF on AMD, is best suited for intraday trading, not multiday exposure, given current market conditions. AMD trades at multiples above the sector median, with a PEG and forward valuations that leave little room for error compared to the rest of the semiconductor space. Analyst price targets for AMD point to limited upside from current levels, while implied volatility remains elevated, increasing in my opinione the risk of volatility drag.