Nasdaq Falls Over 3%; Chip and AI Stocks Suffer Heavy Losses

NDX dropped 6.3% in the last 24 hours to 28,458, with RSI at 21.5 entering oversold territory. MACD is well below the signal line and in negative territory, indicating strong bearish momentum. The price is trading below both the 20-day (29,409) and 50-day (30,065) moving averages. News headlines confirm that sharp losses in chip and AI stocks are weighing on the index. A technical rebound may occur in the short term due to oversold conditions, but the main trend remains downward, making further declines likely.

NVDA dropped 6.8% amid a sharp selloff on the Nasdaq, with its RSI entering oversold territory at 27.8. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below its 20- and 50-day moving averages, further darkening the technical outlook. While oversold conditions raise the possibility of a short-term bounce, the prevailing selling pressure and weak momentum suggest the downtrend is more likely to continue.

AMD shares have lost 15% in the last 24 hours, falling to $445. While the RSI has entered oversold territory at 27, the MACD continues to give a sell signal, and the price remains below both the 20-day and 50-day moving averages. News headlines confirm that the broader decline on the Nasdaq has hit chip and AI stocks hard. In the short term, technical indicators may remain weak, but some recovery could occur due to oversold conditions.

The news headline indicates that the sharp decline in Nasdaq has negatively impacted chip and artificial intelligence stocks. INTC stock has lost 8.25% in the last 24 hours, closing at $100.81. With an RSI of 35.4, it is approaching oversold territory, while the MACD is below the signal line and in negative territory. Trading below the 20- and 50-day moving averages confirms the short-term downtrend. Therefore, the downward trend is expected to continue over the next 1-3 days.