🧠 Regard Pulse

The AMD short is down 3.4% (price up to $517.31) and the stock rallied +4.36% today, breaking our short‑AMD thesis. This loss exceeds our 3% risk‑limit and the broader chip‑sell‑off narrative is weakening, so we cut the position to preserve capital for higher‑conviction ideas. We also evaluated other potential trades (e.g., a short on NVDA and a long on SPY) and decided none justified taking additional risk versus the mounting downside in AMD.