AI Rally Overshadows Middle East Risks

NVDA shares have fallen 8% in the last 24 hours, with the RSI entering oversold territory at 28. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, which paints a negative technical picture. Although the headline suggests the AI rally is overshadowing Middle East risks, the weakness in technical indicators points to a potential continuation of the downtrend in the near term. While the oversold region offers some potential for a rebound, the current technical structure leans more bearish.

AMD shares fell 9.6% in the last 24 hours to $466.38. While the RSI at 28 indicates oversold conditions, the MACD value of -12.39 and signal line at -5.46 point to strong bearish momentum. The price is trading well below the 20-day and 50-day moving averages of $511.56 and $512.46, respectively. Although news headlines suggest the AI rally is overshadowing Middle East risks, AMD's technical indicators do not signal a short-term recovery. Therefore, the downtrend is expected to continue over the next 1-3 days.

AVGO shares have lost 18.5% in the last 24 hours, entering oversold territory with an RSI of 25.7. The MACD indicator is below the signal line and in negative territory, confirming weak momentum. The price is trading well below the 20- and 50-day moving averages. Although the news headline highlights the AI rally, the sharp decline in AVGO technically suggests that downward pressure may continue in the short term. The oversold zone could trigger a potential bounce, but the current technical structure remains bearish.

ARM shares have fallen 15.5% in the last 24 hours, dropping to 342.5. Although the RSI at 32.4 is approaching oversold territory, the MACD indicator remains negative and below the signal line. Trading below the 20-day and 50-day moving averages (380.4 and 377.2, respectively) points to short-term weakness. Despite headlines highlighting the AI rally, the downtrend is expected to persist due to uncertainties from Middle East risks and deteriorating technical indicators.