AI Speed Concerns Hit Chip Stocks: Intel Falls 7%, AMD 6%

NVDA is being negatively affected by a selloff in chip stocks amid concerns over AI speed. The price at 209.22 is well below the SMA20 and SMA50, the RSI at 21 is in oversold territory, and the MACD is negative. In the short term, the downtrend may continue, but oversold conditions could lead to bargain hunting. The news flow is increasing pressure across the sector.

INTC declined 9.38% in the last 24 hours to 95.15, with its RSI at 32.9 approaching oversold territory. The MACD is below its signal line and the price is under the SMA20, indicating weak short-term momentum. AI speed concerns are increasing selling pressure in the chip sector; news headlines confirm this negative sentiment. However, the low RSI level raises the possibility of bargain hunting, so confidence in the downward direction is limited to 0.6. Over the next 1-3 days, volatile trading and downside risk may persist.

AMD stock declined 4.5% in the last 24 hours to 483.14, with RSI at 35 approaching oversold territory. MACD is below the signal line and in negative territory, indicating weak short-term momentum. The price is below the 20-day moving average (512.25) but just below the 50-day average (490.73), suggesting the downtrend may continue. AI speed concerns in news headlines could create sector-wide selling pressure, and if AMD drops below the 50-day average in the short term, a pullback to 470-475 support is possible. However, RSI approaching oversold and MACD remaining positive suggest a sharp decline may be limited; nevertheless, caution is warranted as news flow is negative.

MU stock has experienced a sharp decline of over 10% in 24 hours, with RSI14 at 20.9, entering oversold territory. MACD is negative and below the signal line, indicating weak momentum. The news headline reflects selling pressure on chip stocks due to AI speed concerns; such macro-themed news could sustain downward pressure across the sector in the short term. However, oversold conditions and the price being significantly below the SMA20/50 increase the likelihood of a rebound. Therefore, the 1-3 day outlook is bearish, but the decline may decelerate and volatility is expected.