AMD Bulls Make a Killing With 2X ETFs, But Friday’s 20% Rout Delivers a Reality Check

Advanced Micro Devices Inc. (NASDAQ:AMD) rallied sharply through Thursday, sending leveraged ETFs tied to its shares soaring before Friday’s reversal pared those gains. The stock climbed approximately 30.3% from the Nov. 6 close through Nov. 12, closing at $585.30 on Thursday.…