Nvidia's Longest Losing Streak in 14 Years: $1.6 Trillion Wiped from Market Value
📊 NVDA — Piyasa Yorumu
▼ down · 62%NVDA fell 5.6% in 24 hours to 166, completing its longest losing streak in 14 years; a $1.6 trillion value loss confirms negative momentum. Although RSI at 36.6 approaches oversold territory, there is no bottom signal yet; MACD is negative and just below the signal line, indicating a weak trend. The price is trading below SMA20 (169.6) and SMA50 (181.2), and breaking through the 169-170 resistance is critical for a short-term recovery. The news flow is negative, and the losing streak suggests that selling pressure may persist in the short term. Nevertheless, oversold conditions could trigger sharp rebound buying; therefore, confidence is limited at 0.62.
📊 GOOGL — Piyasa Yorumu
▼ down · 35%The sharp decline in Nvidia could dampen risk appetite for AI and semiconductor-themed stocks, creating indirect pressure on GOOGL. However, GOOGL has risen over 3% in the last 24 hours, with its RSI at 62 approaching overbought territory and MACD trending above its signal line, indicating that short-term momentum remains strong. The price structure holding above both the SMA20 and SMA50 supports the technical outlook. Since the news is not directly specific to GOOGL and the impact is limited to sector sentiment, bearish expectations should be kept cautious. A mixed trading pattern is highly likely over a 1-3 day window.