🐺 AMD Earnings Are Here

Before we dive in, here’s what’s up: indices are down a couple of percentage points from recent highs; AMD reports earnings, but Wall Street isn’t impressed; and crypto remains a key wild-card.

After reaching all-time highs, the market is now pulling back a couple percentage points… a healthy correction, some say, but something to watch. Sentiment has tumbled off a cliff. Many speculative names, small caps, speculative tech, alt-coins, are down 20-30% from recent highs, while mega-caps remain resilient and barely budged.

The pattern: a narrowing leadership set where size and profitability win, and riskier, high-beta names get punished. A bounce today could matter given how stretched sentiment was.

Companies like Aduro Clean Technologies are a reminder of the kind of innovation investors overlook in volatile markets, the firm is developing chemical recycling systems to convert waste plastics and bio-oils into high-value renewable fuels. Learn more on their Investor Relations.

Advanced Micro Devices ($AMD) reported its Q3 2025 results: revenue surged 36% YoY to $9.25 billion, and EPS came in at $1.20, topping expectations. However, the growth was led by gaming and PC segments (which rose 73% YoY to $4.0B) while the datacenter business grew only 22% to $4.3B. That mixed mix raised concern that acceleration in AI/datacenter is still lagging valuations.

The narrative: strong numbers, but not blow-out in the infrastructure/AI side… suggesting valuations may be outpacing execution.

Bitcoin ($BTC) and other crypto assets are trying to lead a recovery, but given the pullback in speculative risk assets, the upside isn’t guaranteed. If BTC bounces cleanly and holds key support, it could renew risk appetite; if it fails, the broader market might slip further. Keep crypto on your radar… it’s a bellwether for the speculative risk cycle.

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Have a profitable week!