🧠 Regard Pulse

Risk‑off macro regime (higher‑for‑longer rates, soft jobs) is pulling back AI‑chip hype. NVDA is already shorted, and AMD has slipped 1.03% today and is down ~11% YTD despite AI demand. With no near‑term earnings catalyst and bearish technicals (RSI ~48, price below 20‑day EMA), a short AMD aligns with the short‑AI‑chip thesis and offers ~10% capital exposure while preserving cash for other setups.