Selloff in Tech Stocks Accelerates Retreat from AI Trade

The headline points to selling pressure in technology stocks and a rotation away from the artificial intelligence trade, which could create negative near-term sentiment for GOOGL. The price at 284.77 sits just below the SMA20 (284.84) and clearly below the SMA50 (291.58), indicating a weak short-term trend. RSI at 46 is in neutral-to-weak territory and MACD is negative below its signal line, though there is no oversold condition. However, since the 24-hour change is positive at +0.82%, the selling wave may not yet be fully reflected in the price. I therefore view the direction as biased lower but with low-to-medium confidence.

NVDA is under severe selling pressure with a daily decline of 11.5%, and its RSI14 at 17.9 places it in oversold territory; this could set the stage for short-term rebound buying. However, the price is clearly below the SMA20 and SMA50 and is trading negatively below the MACD signal line, meaning the trend is downward. The news headline points to a move away from the artificial intelligence trade; this is a theme that suppresses risk appetite in AI-focused names such as NVDA. Although a technical rebound may be seen within 1-3 days due to the oversold condition, the main direction may remain downward; therefore, I maintain the direction as downward with medium confidence.

AMD fell sharply to 415.75, posting a 14.7% loss in 24 hours, indicating a deterioration in risk appetite consistent with the theme of rotation away from the AI trade. Although the RSI at 26 is in oversold territory, the MACD remains below its signal line and negative, suggesting momentum is still to the downside. The price is significantly below the SMA20 and SMA50; even if short-term rebound buying emerges, trend pressure may persist. As the news headline implies a sector-wide rotation, there is a possibility of additional selling pressure on AMD. Nevertheless, due to oversold conditions, a volatile course can be expected in the 1-3 day outlook following the sharp decline.

The headline signals selling pressure in technology stocks and a trend of moving away from AI‑driven trading, creating a short‑term negative backdrop for AAPL. However, the price sits above the 20‑day simple moving average (SMA20) at 345.25 versus 342.78, and is close to the 50‑day SMA (SMA50) at 344.15, indicating that the technical structure has not yet broken. The Relative Strength Index (RSI) is 51, placing it in the neutral zone, and the MACD is just above its signal line, reflecting weak but positive momentum. Following a 2.36% rise over the past 24 hours, the risk of profit‑realisation has increased. Consequently, I am shifting the position to short while maintaining a medium confidence level; a drop below SMA20 could sharpen selling pressure.