Tech Stocks Fall in Midday Session: AI Warnings and 5% Drop in Micron

MU stock fell approximately 9.7% in 24 hours to 924, with RSI at 27.8 approaching oversold territory. MACD is negative and below the signal line, indicating weak short-term momentum. The price is trading below both SMA20 and SMA50, so the technical picture has deteriorated. AI warnings in news headlines and a 5% loss in Micron could dampen risk appetite for the sector and increase selling pressure. Although oversold conditions may prompt bargain hunting, the 1-3 day outlook suggests downside risk remains.

NVDA is approaching oversold territory with an RSI of 28.9 and has dropped 5.15% in the last 24 hours. The MACD is negative and below the signal line, confirming short-term downward momentum. AI warnings in the news and a 5% loss in Micron could reduce risk appetite for the technology sector, putting pressure on NVDA. However, oversold conditions and a close at the 212 level also bring the possibility of a limited recovery with bargain hunting. While downside risk persists in the short term (1-3 days), a slowdown in the decline and volatility can be expected.

AMD is being negatively affected by the broad decline in the technology sector; Micron's 5% loss and AI warnings are creating selling pressure in the sector. The stock fell 4.87% in the last 24 hours to 493.85 and is trading below its 20-day moving average (507.82). With an RSI of 42.8, it has not yet approached oversold territory, indicating potential for further declines. The MACD is below its signal line and in negative territory, reflecting weak short-term momentum. However, the 50-day average (492.74) may provide near-term support; nevertheless, due to news flow and sector weakness, the 1-3 day outlook is bearish.

NDX closed at 29232, down 0.43% over 24 hours, showing a weak trend. RSI at 46.8 is in neutral territory but MACD is negative below the signal line, indicating short-term momentum is downward. The price is trading below SMA20 and SMA50, pointing to a technically bearish picture. AI warnings in the news headlines and a 5% drop in Micron could reduce risk appetite for tech stocks. Therefore, in the 1-3 day horizon, the likelihood of continued downward pressure is relatively higher, but it should be noted that the decline may be limited as oversold conditions have not emerged.