NVDA, AVGO and AMD Forecast – Chips Look to Recover on Tuesday

NVDA Technical Analysis

Nvidia is trying to rally a bit in the early hours on Tuesday as it looks like the 200 day EMA is going to offer a certain amount of support. When I look at this chart, it looks like absolute panic. And now there are questions about the DeepSeek scenario as to whether or not they really did what they claim they did without Nvidia chips. We’ll have to wait and see.

But even if they didn’t, it certainly looks like the space race as it were for AI is on. And that means Nvidia is going to continue to attract inflows. It is because of this that I do think eventually we will recover, but the next couple of days might be more or less about trying to stabilize.

AVGO Technical Analysis

Broadcom, of course, got hit the same way. In pre-market trading, it looks like it could be up about $5 as it tries to recover and overtake the 50-day EMA again. We are in the midst of a gap that I mentioned last week that might need to be filled and at this point we filled about half of it, so there is still some potential downside here. But gaps don’t always get completely filled, sometimes they just make an attempt to and then turn around, so we’ll have to wait and see. Certainly though, it looks like on Tuesday we will start to rally again

AMD Technical Analysis

AMD, which doesn’t really do much with AI, has basically been on the sidelines for most of this damage. It did lose 6.37% on Monday, which is not nothing, but it’s nothing compared to what we saw in some of the bigger companies like Broadcom and Nvidia. At this point, it looks like it’s probably going to open up down just a touch, but really nothing worth mentioning, and it also is sitting in an area that we could start to see support come into the picture. A little bit of a downward drift and maybe a bounce could be in the cards for AMD. We will just have to wait and see, but this looks like the weakest of the three stocks in this video.