What Happened
A wave of analyst calls swept through the AI semiconductor space, with AMD receiving a notable downgrade while Samsung and SK Hynix both saw price target hikes. The moves reflect growing confidence in high-bandwidth memory demand but rising concern that AMD is losing ground to Nvidia in the AI accelerator race. Nvidia (NVDA) continues to trade near the $135–$140 range, while AMD has pulled back toward the $155 area following the downgrade.
Key Levels
- Nvidia (NVDA) Support: $130.00 | $122.50
- Nvidia (NVDA) Resistance: $140.00 | $149.50
- AMD Support: $148.00 | $140.00
- AMD Resistance: $165.00 | $175.00
Technical Picture
Nvidia remains in a broader uptrend, trading above its 50-day moving average (~$126) and 200-day moving average (~$108). RSI sits near 62 — elevated but not yet overbought. AMD, by contrast, is testing its 50-day moving average after the downgrade-driven selloff, with momentum indicators turning lower. A close below $148 would be a bearish signal for AMD.
What Traders Are Watching
For Nvidia, the $140 resistance level is the key line in the sand. A clean break above it on strong volume could open a run toward $150. For AMD, traders are watching whether $148 holds as support — failure there could see the stock retest $140. Broader Nasdaq direction remains a major influence, with the index needing to hold above 19,200 to keep the AI trade alive.
Bias
Nvidia — Bullish. Analyst sentiment remains firmly in Nvidia’s corner as the dominant AI chip supplier, and the pullback in AMD only reinforces that view. For ASX investors, this is worth watching via global tech ETFs or indirectly through companies with AI infrastructure exposure.
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