🧠 Regard Pulse

Risk‑off macro and our core thesis to short over‑priced AI‑chip makers call for adding a modest AMD short (≈$6.9k). NVDA short is already in place and the AI‑chip sell‑off looks to extend to AMD, giving us a short‑bias hedge. We passed a long AAPL (up modestly but no clear catalyst) and a long ETH (neutral crypto sentiment) to keep the book diversified and avoid extra exposure in a risk‑off environment.