Nvidia's Shadow Over Global Tech Rally

NVDA fell sharply by 7.2% over the past 24 hours, retreating to its SMA20 level (173.5) and attempting to stabilize in this area. RSI at 41 is weak but far from oversold; MACD is in negative territory but above its signal line, indicating weakening downside momentum. The news headline suggests the rally was overshadowed by Nvidia, carrying a mildly negative tone regarding stock-specific relative weakness but offering no clear catalyst. Price remaining below SMA50 (187) continues to exert medium-term pressure. In the short term, sideways/nervous trading is expected in the 173-175 band; a close below 173 would confirm the downward direction.

GOOGL rose 2.7% over the past 24 hours to reach 293.58 and is trading above its SMA20/SMA50, indicating a positive short-term trend. With an RSI of 59, it remains far from overbought territory, while the MACD is above its signal line and supporting momentum. However, the news headline does not offer a catalyst specific to GOOGL; the phrase 'Nvidia shadow' can be read as a distracting and mixed signal within the sector. For this reason, a continuation of the rally is possible but confidence is moderate. In the 1-3 day outlook, a slight upward bias is expected, with support at 290 and resistance at 296-298 to watch.

AMD has shown an extraordinary rise of 24% in 24 hours, with the RSI at 66.6 approaching overbought territory. The MACD is above its signal line and the price is significantly above the SMA20/SMA50, indicating a strong trend. However, the news headline points to a technology rally overshadowed by Nvidia; this can be read as a signal that AMD may remain relatively in the background within the sector. After such a sharp rise, the risk of short-term profit-taking has increased. Therefore, I assess the 1-3 day outlook as neutral; upward momentum may continue, but correction risk should not be ignored.