European stocks fall amid global AI selloff

The AI-driven selloff in European equities could create short-term pressure on tech-heavy GOOGL. However, GOOGL's 24-hour change is positive (+1.98%) and its RSI at 48.5 is in neutral territory, with no oversold signal. Although MACD is in negative territory, it remains above the signal line, indicating a weak recovery trend. The price is trading just below the SMA20 and SMA50; the 285 level should be watched as short-term support. The impact of the news may be limited, as the selloff is Europe-focused and GOOGL's own dynamics are more decisive.

NVDA fell sharply by nearly 10% intraday to the 188 level and is trading well below its SMA20/SMA50, indicating a weak short-term trend. Although the RSI at 37 is approaching oversold territory, there is no reversal signal yet; the MACD remains in negative territory and slightly below its signal line. News of a global artificial intelligence selloff in European equities is weighing on risk appetite for NVDA and fueling negative momentum. Nevertheless, oversold conditions could open the door to bargain hunting; therefore, moderate confidence in the downside direction is appropriate. Downward pressure and high volatility are expected over the next 1-3 days.

AMD dropped 9.2% in the last 24 hours, falling below both its 20-day and 50-day simple moving averages (SMA20 and SMA50), indicating a weak short-term trend. Although the RSI at 45 remains in neutral territory, the MACD is negative and below its signal line, pointing to downward momentum. News of a global AI selloff in Europe could add negative pressure given AMD's sensitivity to the AI chip theme. However, the price trading near its SMA20 and the RSI not being in oversold territory suggest the decline may remain limited. In the 1-3 day outlook, downside risk is more pronounced, but a sharp drop would likely require an additional catalyst.

The news indicates a sell-off in global artificial intelligence stocks, and TSM is likely to be negatively affected as it is at the center of the semiconductor/AI supply chain. The price has already fallen 7.2% in 24 hours and closed at 376.2, below the SMA20 (379.4); the short-term trend is weak. With an RSI of 42.9, it is not in oversold territory, meaning there is not yet a strong signal for a rebound. The MACD is in negative territory but above the signal line (positive histogram), suggesting the decline may slow. Nevertheless, since the news flow is dominant, downside risk is higher over the next 1-3 days; volatility should be expected after the sharp drop.