US Equity Fund Inflows Hit Three-Week High on Chipmaker Demand

The news headline indicates rising demand for chip manufacturers and a surge in US equity fund inflows to a three-week high. This points to positive market sentiment for chip makers such as NVDA. On the technical side, the RSI is just above 50, the MACD is near its signal line, and the price is below the SMA20 but above the SMA50. There has been a 3.4% increase in the last 24 hours, which could signal a short-term recovery. However, the failure to break above the SMA20 and the MACD remaining below its signal line suggest that the upside may be limited. Overall, with news support, a slight short-term rise is possible, but caution is advised.

Although AMD shares have fallen 5.8% in the last 24 hours, the RSI at 42 has not yet approached oversold territory. The MACD remains below the signal line, and the price is trading below both the 20-day and 50-day moving averages. While news headlines indicate rising demand for chip manufacturers, the direct impact on AMD in the short term may be limited. Technical indicators present a weak outlook, but positive sector news flow could support a potential recovery. Therefore, there is no clear signal regarding short-term direction.

Intel shares fell 13.8% in the last 24 hours, closing at $109.02. While the RSI at 32.6 approaches oversold territory, the MACD line remains below the signal line and in negative territory. Trading well below the 20-day and 50-day moving averages ($117.89 and $117.77, respectively) suggests short-term weakness may persist. Although the news headline signals positive demand for the sector, Intel's technical indicators and sharp decline suggest this positive news may not have an immediate impact. Therefore, while downward movement may continue in the short term, the pace of decline could slow given the oversold conditions.

Qualcomm (QCOM) shares have declined 12.7% in the last 24 hours, falling to $205.4. The RSI stands at 46, not yet in oversold territory, suggesting the downtrend may continue. The MACD line is below the signal line and in negative territory, indicating weak momentum. The price is trading below both the 20-day ($207.9) and 50-day ($211.1) moving averages. Although news headlines point to rising demand in the chip sector, the sharp decline in QCOM specifically and the weakness in technical indicators suggest that downward pressure may persist in the short term.