Democratic Election Success Triggers Sell-Off in AI Stocks

NVDA fell sharply intraday, dropping more than 10% to 186.68 and trading below its SMA20 (192.04) and SMA50 (201.77), indicating a weak short-term trend. Although the RSI at 35.97 is approaching oversold territory, no reversal signal has yet emerged; the MACD remains in negative territory and is hovering slightly above its signal line. The Democrats' election success has triggered a selloff in AI stocks, heightening perceptions of regulatory and policy uncertainty, which could weigh on risk appetite. While this news reinforces negative sentiment in the short term, rebound buying may emerge after the sharp decline; therefore, the bias is downward but confidence is moderate. In the 1-3 day outlook, a close below 185 could deepen the selloff, while a recovery above 192 would ease pressure.

The news signals selling pressure in AI‑themed equities, and since AMD is a leading name in this sector, a short‑term negative impact is likely. The price has already dropped 8.9% in 24 hours, trading just below the 20‑day simple moving average (SMA20) at 450.5 and well below the 50‑day SMA (SMA50) at 489, confirming a weak short‑term trend. However, the RSI sits at 45.8, far from the oversold region, and the MACD is in the negative zone yet above the signal line, suggesting that downward momentum may be easing. Consequently, a sharp additional decline is less probable; a choppy or mildly downward trajectory is more likely, and the news impact may already be partially priced in. Nonetheless, political uncertainty and a decline in risk appetite for AI stocks keep downside risk alive for the next 1–3 days.

ASML is under heavy selling pressure, down 8.6% over the past 24 hours, with its price trading below both the SMA20 and SMA50. The MACD remains in negative territory but above its signal line, indicating that downside momentum has weakened somewhat. The RSI stands at 40, not yet near oversold territory, meaning there is no strong signal for a relief rally just yet. The news headline implies a politically driven selloff in artificial intelligence stocks; such macro/political themes could weigh on risk appetite in the short term. Nevertheless, since the news's concrete impact specific to ASML remains unclear, directional forecasts should be kept to moderate confidence.

The news points to a decrease in risk appetite for AI-themed stocks, and QCOM, as a semiconductor/AI-related name, could be affected by this selloff. However, since Qualcomm's AI story is more limited than pure players like Nvidia, the impact may remain relatively moderate. On the technical side, the price is above the 20-day SMA and the RSI at 52 is neutral; the MACD is in negative territory but appears to have just crossed above its signal line, suggesting a weak recovery signal. In the short term, news-driven downward pressure is possible, but since indicators are not in oversold territory, I do not expect a sharp decline. I maintain a downward bias with low confidence.