Nvidia and Chip Stocks Fall as AI CEOs Call for Slowdown

NVDA is negatively affected by the decline in chip stocks amid calls for a slowdown from AI CEOs. The price is trading below its 20-day and 50-day simple moving averages at 218.20, confirming short-term weakness. Although the RSI at 36.9 is approaching oversold territory, no reversal signal has yet emerged. The MACD is negative and very close to its signal line, indicating that downward momentum is weakening but no buy signal has formed yet. The impact of the news may be limited; downward pressure could continue over the next 1-3 days, but bargain hunting may emerge.

The news could create short-term pressure on chip stocks, including AMD, by signaling a slowdown in artificial intelligence chip demand. Technical indicators are mixed: RSI at 59.6 is not near overbought territory, but MACD below the signal line (5.99 < 6.96) indicates negative momentum. The price is just above the SMA20 (514.04) and well above the SMA50 (490.26), suggesting the medium-term trend is still positive. Due to the news, a test of the SMA20 support at 514 is likely; a break below this level could accelerate the decline. However, given the strong overall trend and the absence of oversold conditions, the decline may be limited.

AVGO is negatively affected by the decline in Nvidia and other chip stocks. The price is below the 20 and 50-day moving averages, RSI at 45 indicates weakness, and MACD is below the signal line. The news may raise concerns about a slowdown in AI investments, increasing short-term selling pressure. However, RSI is not in oversold territory, so the decline may be limited. Downside risk continues for 1-3 days.

The news indicates a decline in Nvidia and chip stocks due to AI CEOs calling for a slowdown. Since TSM is also in the chip sector, this news could have a negative impact in the short term. However, technical indicators are mixed: RSI at 54 is neutral, MACD is below the signal line (slightly negative), and the price is above the SMA20 and SMA50. A 1.75% drop has already occurred in the last 24 hours, so the news effect may be partially priced in. Nevertheless, due to sector-wide pressure, downside risk may continue over the next 1-3 days.