3 chip stocks. 3 vastly different stock charts
AMD shares are down sharply by over 7% in trading here today after data center earnings came in worse than expectations after the close yesterday. That took the price of the company shares to the lowest level since November 2024.
For Nvidia and Broadcom, AMDs decline has been a help to them. Having said that, Nvidia has had its troubles with the DeepSeek news that has sent its shares sharply lower.
Broadcom, meanwhile, has fared the best of the three. Yes, it too is off it’s highs but in trading today it moved above key hourly MA targets increasing the shares bullish bias.
IN the above video, I take a look at each of the three over the same time period and all using the hourly chart, and outline the bias for each, the targets and risks for each from a technical perspective.
HINT:
Broadcom is doing the best and is the most bullish technically, Nvidia is next and is showing a small technical victory today, while AMD is well behind and negative technically, but might give traders some added momentum IF It can show the buyers can finally have a technical victory.
The good, bad, and ugly for each can be discovered in the above video.
This article was written by Greg Michalowski at www.forexlive.com.
