Nvidia Selloff Deepens, AI Concerns Mount

NVDA fell sharply to 168.79, posting a 7.6% loss over 24 hours; the price is trading below its SMA20 (177.35) and SMA50 (191.28), confirming a short-term downtrend. RSI14 at 27.9 is approaching oversold territory, increasing the likelihood of a relief rally, but MACD is negative and below its signal line, indicating momentum remains weak. AI concerns in the news headlines and a deepening sell-off are fueling the current negative technical picture. In the short term (1-3 days), downward pressure may persist, but oversold conditions could lead to a volatile recovery after sharp declines. Therefore, I forecast a downward direction but maintain medium confidence.

The Nvidia-driven selloff and growing AI concerns could pressure short-term risk appetite in AI-themed large-cap tech stocks such as GOOGL. However, GOOGL is trading at 287.38, just below its SMA20 (288.13) and above its SMA50 (285.71); RSI at 49 is in neutral territory with no oversold signal. MACD remaining below its signal line confirms weak momentum, but the gap is very small. The impact is therefore expected to be downward but limited; the 285-286 band should be watched as support. If negativity in the news flow deepens, closes below 285 could increase selling pressure.

AMD appears overheated after rising more than 24% in 24 hours; although RSI is at 60, such a sharp move increases the risk of profit-taking. A selloff triggered by Nvidia and AI-related concerns could create a negative tone across the sector and drag AMD down as well. Although MACD remains positive above its signal line, it should be remembered that momentum is near its peak. A pullback is more likely in the short term, but confidence is moderate because the news is not directly specific to AMD. Downward pressure is expected in the 1-3 day outlook.

AVGO surged 12% in the last 24 hours, showing strong momentum, with its RSI at 63 approaching overbought territory. However, a selloff wave originating from Nvidia and growing AI concerns could dampen risk appetite across the sector. Although MACD is in positive territory and the price is above SMA20/SMA50, short-term downward pressure is possible due to profit-taking and sector correlation. Nevertheless, AVGO's strong fundamentals and uptrend may limit the decline. Therefore, I see the direction as downward, but with moderate confidence.