NVDA, INTC and AMD Forecast – Chips Continues to See Tariff Pressures

NVDA Technical Analysis

Nvidia looks like it’s going to open up a little bit lower than it closed during the previous session here on Wednesday, but we might be in the midst of trying to do everything we can in order to build some type of basing pattern. After all, Nvidia, of course, is one of the darlings of Wall Street.

So, if we get any real risk appetite coming back into the market, you would have to assume that Nvidia will be one of the first places to seize a lot of buying pressure. If we can recapture the $100 level, that might be the first sign that we are turning things back around as well.

INTC Technical Analysis

Intel looks like it’s going to open up at the previous day’s lows as we continue to grind lower. The tariff war and the issues between the United States and China escalating the tariff war, of course, has an outsize effect here on chipmakers. So, not a huge surprise that we see Intel struggling, which, let’s be honest, had been struggling for a long time anyway. So, at this point in time, it looks like Intel continues to fall, although one would have to assume that the earnings call could change things due April 24.

AMD Technical Analysis

And finally, AMD looks like it’s going to open up just a touch lower than it closed as we continue to see a lot of negativity in general. This is a market that, of course, is directly in the crosshairs of traders as we continue to see a lot of tariff fighting, and as long as that’s going to be the case, I think most of these stocks will suffer. AMD had been in a pretty significant downtrend going back to the middle of 2024. So, this is just more of the same price action here.

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