AMD, INTC, and Nvidia Stocks: Analyzing the ETF's Death Cross Impact

Tuesday, 5 November 2024, 11:56

AMD, INTC, and Nvidia stocks are facing challenges as the iShares Semiconductor ETF (SOXX) encounters a death cross. With NVIDIA's influence declining, investors are concerned about future performance. As SOXX reports negative trends, understanding its key holdings is essential.
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AMD, INTC, and Nvidia Stocks: Analyzing the ETF's Death Cross Impact

The Impending Challenges for AMD and Nvidia Stocks

The iShares Semiconductor ETF (SOXX) is experiencing a troubling downturn as AMD and INTC stocks reflect the market's volatility. Specifically, the ETF recently encountered a death cross, with Nvidia being a crucial contributor to this phenomenon.

Understanding the Death Cross Indicator

The death cross occurs when the 50-day moving average drops below the 200-day moving average, signaling a possible major price decline. Historical data suggests a previous death cross led SOXX to plummet by 40% in 2022.

  • Nvidia's position: Currently, Nvidia’s stock has shown some resilience, but uncertainties loom due to potential AI market shifts.
  • Intel's struggles: In contrast, INTC stocks have seen a staggering decline, with a year-to-date drop of 52.71%.

SOXX Performance and Market Outlook

With its net shares down 4.83% recently, the ETF's composition highlights its major holdings. Nvidia’s comparatively low allocation within SOXX is a concern. Analysts warn of upcoming volatility, affecting both AMD and INTC's market positions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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