<p>AMD guided for lower Q4 earnings, and gets pummeled for -11%. Made the whole sector fall. I didn't see specifics of their call, so I don't know what other bad news or context was released. Did see an article entitled AMD can't rely on cryptocurrency mining to prop them up indefinitely, but then, I've heard that the price inflation only applies to high-end graphics cards, which have been selling above retail list for some time, given their 'mining power'. And I'd think (I may be wrong), the benefits of that price inflation falls mainly to NVDA, given that unless I've missed a release, AMD has pretty much ceded the very top end graphics cards, as they just can't compete with NVDA's 1080, 1080 Ti etc on new Pascal architecture. </p> <p>Given that AMD got whacked so hard, it hit me that selling some NOK (which I've never done) ahead of earnings might be a really good wager. But it hit me too late - I see they're going to report before the bell, so  I'll just sit through another one. Consensus EPS is .06 - and the market seems nervous enough and focused on earnings for reassurance that if they miss, the punishment will probably be ugly.  I just hope that when the day comes that they beat estimates, the enthusiasm will mirror present-day gloom. </p>