Wall Street Maintains AI Strategy After Historic Tech Selloff

NVDA suffered a sharp decline exceeding 10% in 24 hours and is trading below both its SMA20 and SMA50, indicating a weak short-term trend. The RSI stands at 36, approaching oversold territory but not yet signaling a reversal, while the MACD remains in negative territory slightly above its signal line. The news headline implies that Wall Street is maintaining its artificial intelligence strategy, suggesting the selloff is not a structural abandonment, which could limit downside pressure. However, rebound buying may follow the sharp drop while volatility could remain elevated; the direction is therefore uncertain and a cautious neutral stance is appropriate. In the short term, it should be monitored whether the price holds above the close around 186.

AMD experienced a sharp sell-off, dropping 8.9% in the last 24 hours, and is now trading just below its 20-day simple moving average (SMA20) and significantly below its 50-day SMA (SMA50). The relative strength index (RSI) stands at 45.8, in neutral territory, and does not signal oversold conditions; the MACD is negative but above its signal line, suggesting that downward momentum may be weakening. A news headline implies that Wall Street is maintaining its artificial intelligence strategy; while this provides partial support for the sector, it is not a strong catalyst on its own. Although short-term rebound buying may emerge, the sustainability of a recovery is uncertain; the SMA20 around 450 acts as resistance. Therefore, I view the 1-3 day outlook as neutral.

AVGO fell sharply by 11.7% in the last 24 hours to 293.32, with its RSI at 29.7 approaching oversold territory. The MACD is negative and below the signal line, and the price is significantly below the SMA20 and SMA50; the short-term trend is weak. The news headline implies that Wall Street is maintaining its AI strategy, suggesting the sell-off may be panic-driven and could set the stage for bargain hunting. However, oversold conditions alone do not guarantee a reversal; a sideways-to-choppy move or a limited rebound over the next 1-3 days is more likely. Given the directional uncertainty, a neutral stance is appropriate.