Hedge Funds Exit Chip Stocks for Fourth Consecutive Week, AI Shares Sold Off
📊 NVDA — Piyasa Yorumu
▼ down · 65%Hedge funds' exit from chip stocks could increase selling pressure on AI stocks. NVDA's RSI stands at 44.6, below the neutral zone, indicating weak short-term momentum. The MACD line is below the signal line and in negative territory, supporting a bearish trend. The price is trading below both the 20-day and 50-day moving averages, presenting a technically weak outlook. However, a slight uptick in the last 24 hours and low trading volume suggest that selling pressure may be limited.
📊 AMD — Piyasa Yorumu
▼ down · 70%AMD shares fell 3.5% in the last 24 hours, closing at $518.26. The RSI is approaching the oversold territory at 39.3, while the MACD remains below the signal line and in negative territory. Trading below the 20-day SMA (547) and 50-day SMA (533) indicates short-term weakness. Hedge funds exiting chip stocks and selling pressure on AI equities paint a negative picture, consistent with the technical outlook. The downtrend is expected to continue in the near term.
📊 AVGO — Piyasa Yorumu
▼ down · 65%Hedge funds exiting artificial intelligence and chip stocks could increase selling pressure on AVGO. Technical indicators also point to weakness: the RSI is approaching oversold territory at 34.9, while the MACD is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. The 3.7% decline in the last 24 hours indicates accelerating selling. The short-term downtrend is likely to continue.
📊 TSM — Piyasa Yorumu
▼ down · 70%Hedge funds' exit from chip stocks may increase selling pressure on semiconductor shares such as TSMC. Technical indicators support this view: although the RSI is near oversold territory at 39, the MACD is below the signal line and in negative territory, indicating weak short-term momentum. The price being below the 20- and 50-day moving averages suggests the downtrend may continue. However, the 3.6% decline in the last 24 hours and the low RSI level also raise the possibility of a short-term bounce. Therefore, I have a bearish outlook with medium-high confidence.