Nvidia's After-Hours Decline Weighs on Nasdaq Futures

NVDA fell 7.2% in 24 hours, closing near its 20-day simple moving average (SMA20) at 173.5 and significantly below its 50-day SMA at 187; the short-term trend is weak. The RSI at 41 is in neutral-to-bearish territory, while the MACD remains negative and below its signal line, confirming downward momentum. The news headline indicates that the after-hours decline weighed on Nasdaq futures, pointing to continued deterioration in risk appetite. In the 1-3 day outlook, downward pressure may persist, but I note that the decline could be limited because the RSI is not approaching oversold territory and there is a possibility of holding around the SMA20. Nevertheless, if rebound buying remains weak, levels below 170 could be tested.

AMD recorded an extraordinary 24% gain over the past 24 hours, with its RSI at 66 approaching overbought territory. Nvidia's post-close decline signals a general reduction in risk appetite across the semiconductor sector and could create short-term profit-taking pressure despite AMD's strong momentum. MACD remains in positive territory and trading above the SMA20/SMA50 indicates the medium-term trend is still upward, but news flow could disrupt sector sentiment. Therefore, a slight downward correction is more likely in the 1-3 day outlook, though confidence should be kept at a moderate level due to the strong momentum.

The NDX has posted a strong gain of about 4.8% over the past 24 hours, with its RSI at 61, approaching overbought territory. MACD remains above its signal line and positive momentum continues, but Nvidia's post-close decline could weigh on one of the index's largest components and create pressure in futures trading. In the short term, profit-taking and tech-heavy selling may emerge. Still, the price structure above the SMA20 and SMA50 indicates the medium-term trend remains intact. The impact may be limited and volatile; it is too early to expect a trend reversal on a single news item.