Sharp Sell-Off on US Stock Markets Amid Artificial Intelligence Concerns

NVDA has fallen 12% in the last 24 hours, with its price below the 20- and 50-day moving averages while technical indicators support the downtrend. The RSI at 17.7 places it in oversold territory, which could signal a short-term rebound, but broader market selling amid AI concerns may also weigh on NVDA. The MACD being above its signal line while in negative territory indicates weakening momentum. Therefore, in the 1-3 day period, the price is likely to continue declining, although a short-term recovery is also possible.

TSLA fell 15.8% in 24 hours to 343.57, with RSI at 20.2 indicating oversold territory. MACD is negative and below the signal line, and the price is significantly below SMA20 and SMA50; the short-term trend is downward. Broad market selling driven by AI concerns is weighing on risk appetite, but oversold conditions could set the stage for rebound buying. Therefore, while a downward bias is likely over the next 1-3 days, volatility and short-term spikes should be expected after the sharp decline. Due to high volatility, confidence level is moderate.

The Dow Jones Industrial Average (DJI) declined 1.48% over the past 24 hours to 51,524 and is trading below its SMA20 and SMA50 averages. The RSI at 35 indicates weakness but is not yet in oversold territory; MACD is negative and below the signal line. News of an AI-concern-driven selloff supports the current downward momentum. In the short term, the 51,000-51,500 band should be watched as critical support; a break below this zone could deepen the decline. A recovery would require an RSI rebound below 30 and a positive MACD crossover.

The VIX jumped 40% in 24 hours to 27.59, a strong indicator of short-term panic and risk aversion. Although RSI at 71.8 approaches overbought territory, overbought conditions in the VIX typically indicate sustained high volatility rather than a lasting decline. MACD is above its signal line and in positive territory; momentum remains upward. Given that the AI-concern-driven selloff aligns with the news flow, the VIX is likely to remain elevated or test the 30 level within 1-3 days. However, after such a rapid spike, short-term pullback risk exists; therefore, confidence is limited to 0.72.