AMD's perp jumped 12% in an hour on earnings, on $49M of volume, then gave back most of it
AMD reported third-quarter results after the US close on Nov 3. According to CNBC, adjusted earnings were $2.09 a share against $1.95 expected, revenue rose 45% to $13.38 billion, and data center sales nearly doubled. CEO Lisa Su said she expects server revenue to double in 2027. The stock rose about 8% in extended trading.
It came after a rough stretch. Chip stocks sold off on Nov 2, on fears of overspending on AI infrastructure and of a PC slowdown, after Intel's warning the week before.
The hour on Hyperliquid
The perp trades around the clock, so it reacted the moment the numbers came out. On xyz:AMD:
- Nov 2: fell from 513 to 472.80, -7.9%.
- Nov 3, 21:00 to 22:00 UTC: traded between 474.54 and 530.51, a move of up to 11.8% in one hour, on about $49M of volume.
- For the day: $103.6M traded, 2.8 times normal, across 1,650 wallets, 2.6 times normal. It closed at 515.34, up 9.0%.
- Liquidated: $524K, all shorts.
- Now: about 505, 4.7% below the high.
Who's on the other side
0xd7f2…299f is short about $1.0M from an average of 517.5. It's up about $34K, with liquidation at 523.88, 3.6% above the price and below the night's high.
0xba67…723b is short about $325K from around 500, with liquidation near 572.
What to watch
The first test is 523.88, 0xd7f2's liquidation. On the downside, 472.80 is where the perp closed on Nov 2. If it gets back there, the whole earnings move is gone.
Live data: AMD page.
Data: Hyperliquid on-chain trades, positions and liquidations, compiled by CryptoAnimon. Positions and prices as of about 05:00 UTC on Nov 4. Earnings figures as reported by CNBC.
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