Qualcomm and Micron Surge on AI Semiconductor Rally

Although the news headline points to a positive AI rally, QCOM stock has surged an excessive 31% in the last 24 hours, with its RSI entering overbought territory at 78. This increases the likelihood of profit-taking or consolidation in the short term. While the MACD remains in a bullish trend, overbought signals and the price trading well above moving averages may limit upside potential. Therefore, a neutral stance appears more appropriate given the short-term directional uncertainty.

MU stock has recorded an extraordinary rise of 22.7% in the last 24 hours, pushing its RSI into overbought territory at 81.8. This increases the likelihood of profit-taking or sideways movement in the short term. While the headline supports the AI semiconductor rally, technical indicators point to overheating. Although the MACD is positive and upward, consolidation can be expected after such a rapid surge. Therefore, I maintain a neutral stance for the short-term direction.

NVIDIA (NVDA) shares have rallied strongly, gaining 11.7% in the last 24 hours. While the RSI at 74.8 has crossed the overbought threshold of 70, it is approaching extreme levels, increasing the likelihood of a short-term correction or consolidation. The MACD remains positive and above the signal line, sustaining momentum, but profit-taking may follow such a rapid rise. Although the news headline reflects broad sector optimism, NVDA's recent price action suggests this optimism may already be largely priced in. Therefore, a neutral stance appears more appropriate in the near term due to directional uncertainty.

AMD shares have surged nearly 30% in the last 24 hours, with the RSI reaching 83, entering overbought territory. Such sharp rallies often trigger short-term profit-taking. While the news headline reflects general optimism in the sector, technical indicators point to an overheated condition. Although the MACD remains positive, an RSI above 70 increases the risk of a correction. The rally appears difficult to sustain in the short term, and a potential pullback can be expected.