Chip Stock Decline Pulls Down NASDAQ 100: AMD Loses 9%, Intel 8%

Intel shares fell 8.8% to $100.21, tracking a broad decline in the chip sector. While the RSI at 34.6 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. Trading below the 20- and 50-day moving averages further darkens the technical outlook. News headlines confirm continued selling pressure in the sector. Although a near-term recovery appears unlikely, oversold conditions may limit the pace of further declines.

NDX has dropped 6.8% in the last 24 hours to 28,310, with its RSI entering oversold territory at 20. The MACD remains below the signal line and in negative territory, indicating sustained bearish momentum. The price is trading below both the 20-day (29,402) and 50-day (30,062) moving averages. The news highlights a sharp decline in chip stocks, which could add further pressure on the tech-heavy index. Despite short-term oversold conditions, the downtrend and negative news flow suggest a high probability of continued downside movement.

AMD shares have dropped 15.8% in the last 24 hours, with the RSI falling to 26, entering oversold territory. The MACD indicator is in negative territory and trading below the signal line, confirming weak momentum. The price is trading well below the 20- and 50-day moving averages, indicating a weak technical outlook. The news headline reflects broad selling pressure in the chip sector, noting that AMD has lost 9% of its value. Despite short-term oversold conditions, the risk of a continued downtrend remains high.

QQQ experienced a 6.8% decline in its last close, with its RSI entering oversold territory at 19.9. The MACD is below the signal line and in negative territory, indicating weak short-term momentum. News headlines highlight that a sharp sell-off in chip stocks is dragging down the NASDAQ 100, which could add further pressure on QQQ. Although technical indicators are signaling oversold conditions, the downtrend and negative news flow suggest a low probability of a short-term recovery. Therefore, a bearish outlook prevails.