AMD's Revenue Guidance for Q3 and Q4

Semiconductors as a group had an excellent July and came right back to this place on the charts where relative to the S&P, they're challenging for a breakout while the rest of the market gets there too. AMD has a more reasonable valuation and I don't think there's a whole heck of a lot built into it right now. Are you still short in Nvidia now? No, I actually have a bearish position in the SMH and it's largely around this Nvidia. But again, we know PCs are weak, we know smartphones are weak,. We know lots of parts, a lot of end markets are really weak right now.