Claims About Nvidia CEO Cast Shadow on Tech Rally

NVDA closed near its 20-day simple moving average (SMA20) of 173.5 after a sharp 7.2% drop in the last 24 hours, and remains well below its 50-day SMA (SMA50) of 187; the short-term trend is weak. The RSI at 41 is in neutral-to-weak territory, and while the MACD is negative and above its signal line, it remains below zero; momentum is not signaling a recovery. Although claims about the CEO are uncertain and unverified, perceived leadership risk could weigh on the tech rally, which may fuel selling pressure in the short term. However, the price is holding above the SMA20, and since the concrete impact of the news has not become clear, I am not expecting an excessive decline. A slightly downward but volatile course is possible over the next 1-3 days; a close below 173 would increase risk, while a recovery above 175 would neutralize the outlook.

AMD has recorded an extraordinary gain of about 24% over the past 24 hours, with its RSI at 66 approaching the overbought threshold; the risk of short-term profit-taking increases after such sharp moves. MACD is trending positively above its signal line and the price is clearly above the SMA20/SMA50, indicating a strong trend. However, claims concerning Nvidia's CEO could lead to a general deterioration in risk appetite across the technology sector, and AMD may also be affected due to its sector beta. Because the news is not directly specific to AMD and remains uncertain, the direction of its impact is unclear; strong momentum and sector-related news risk are offsetting each other. Therefore, a neutral outlook with moderate confidence is appropriate for the next 1-3 days.