Tom Lee: Selloff in AI Stocks May Be Nearing a Bottom

Tom Lee's remark that the sell-off in AI stocks may be nearing a bottom can be read as a signal of a mild short-term recovery for NVDA. However, such a view is not a concrete catalyst but rather a sentiment-based comment; its impact may remain limited. On the technical side, the price is holding just above the 20-day SMA (205.86) while trading below the 50-day SMA (211.64), and the MACD is in negative territory, indicating a weak outlook. The RSI is around 45, neutral with no oversold signal; thus, the buying appetite triggered by the news may be limited. Therefore, although I see the direction as slightly upward, confidence is low; maintaining support around 206 and a volume-backed reaction will be critical.

AMD suffered a sharp decline of over 14% in the last 24 hours, with its price falling below both the SMA20 and SMA50; it is approaching oversold territory in the short term. The RSI stands at 36 and has not yet signaled a bottom, while the MACD remains in negative territory but above its signal line, indicating weakening momentum. Tom Lee's comment that the selloff in AI stocks may be nearing a bottom supports expectations of a sector-wide rebound. However, since the news is not directly specific to AMD and technical indicators remain weak, upside potential may be limited. A volatile recovery attempt is possible in the short term, but volume and a reversal signal in the RSI should be monitored for confirmation.