AMD reports tonight after the close, and the bar is honestly ridiculous. Wall Street wants $1.95 a share on $13.1B in revenue, up 62% and 42% from a year ago. Data Center alone is supposed to hit $8.19B, up 88%. And the stock just got smoked anyway, down to $466.84 on Monday in the chip selloff. Options are pricing about a 9% move either way tonight. I am not pretending this is some huge position for me, it is a small one. But this is the print I am watching tonight, because a beat might not even be enough. If the guide is soft, this thing drops anyway. Does a beat even matter here, or is the guide the whole trade? Where do you stand?
