Yardeni: There Is a Buying Opportunity in the Selloff in AI Stocks

NVDA has suffered a sharp decline exceeding 10% in 24 hours, with its RSI approaching the oversold threshold at 36. Although MACD remains in negative territory, it is trading above its signal line, offering a weak recovery signal. Yardeni's 'buying opportunity' comment could support short-term rebound buying after the drop. However, since the price remains below the SMA20 and SMA50, the trend is still downward and any rebound may be limited. For this reason, I expect a moderate upward reaction over a 1-3 day horizon, with a low confidence level.

AMD dropped 8.9% over the past 24 hours, slipping just below its SMA20, with an RSI of 45.8 keeping it well away from oversold territory. The MACD remains in negative territory but above its signal line, meaning that while momentum has weakened, downward pressure has not yet deepened. Yardeni's view of the decline in AI stocks as a buying opportunity could support near-term sentiment. However, the price remains clearly below the SMA50, and the news is an institutional opinion rather than a concrete catalyst, so any rebound may be limited. A mild upward recovery over the next 1-3 days is plausible, but a close above the SMA20 should be watched for confirmation.

AVGO fell sharply by 11.7% in the last 24 hours to 293.32, with RSI14 at 29.7 approaching oversold territory; such swings may invite short-term rebound buying. Yardeni's view of the selloff in AI stocks as a buying opportunity provides sentiment support that could offset some of the negative momentum. However, MACD is negative and below the signal line, and the price is significantly below SMA20 and SMA50, indicating the trend remains downward. Therefore, a limited rebound is possible in the 1-3 day outlook, but there is no confirmation of a lasting reversal. I maintain a moderate confidence level; news alone may not be enough to reverse the technical weakness.