To The Moon

As we can observe, AI stocks encountered some.minor correction over the past weeks. And few days ago, most of the stocks started to rally again. 

Well, recently Meta just announced it's pushing further into the AI chip race, coming right on the heels of Google's own announcement of its Axion AI chip. Both companies are touting their new semiconductor models as key to the development of their AI platforms, and as alternatives to the Nvidia chips.

Besides, Intel also detailed a new version of its artificial intelligence chip at its Vision event on Tuesday that takes aim at Nvidia's dominance in semiconductors that power AI.

Let's look into a few AI stocks analysis, technically. 

Nvidia daily chart

For $NVIDIA Corp(NVDA)$  the share price just breaks out from its short term downtrend like on Thursday, but then it doesn't follow on Friday. Therefore, it's hard to say whether the rebound is back, further monitor is needed next week. It will be tough for Nvidia with all the new competitions but I still believe in its momentum in short term. Target price of 1000 USD is achievable but might not be very soon. 

AMD daily chart

However, the condition is less favourable for$Advanced Micro Devices(AMD)$  . The share price continued to break down the short term support drawn in BLUE in the chart above. For such, it is high possible that the stock will pullback towards EMA200 area, which is around 142 USD.

PLTR daily chart

PLTR, one of my favourite AI stocks. The share price continues to consolidate since its impressive earnings release kn early Feb. The support at 21.88 USD manages to hold well at this moment. I remain $Palantir Technologies Inc.(PLTR)$  for the company, just one thing to take note is the dead cross (bearish signal) formed between EMA10 and EMA25 one week earlier. 

C3 daily chart

Omg! The worst AI stock of the year. How can it posted impressive earnings and just pullbacked non stop? Totally unexpected. The pullback was really aggressive for over 1.5 months and still continued. As we can see from the chart above, the triple bottom support is unable to hold and the breakdown of C3 share price will send the stock to the ground for incoming weeks. $C3.ai, Inc.(AI)$  very very bearish sign! 

SOXL

Last but not least, let's end with $Semiconductor Bull 3X Shares(SOXL)$  . This is the semiconductor index whereas many are involved in AI as well. We can use this to track the overall semiconductor shares performance. Last night, unfortunately the share price dropped below its EMA50 support (BLUE line) for the first time since 2024. It touched this trendline at least 4 times since early this year and managed to rebound pretty fast. But it seems like this is not the case this time, probably related to the accelerated inflation and the possibility of having a lesser and delayed rate decrease this year. 

Well, will you choose to invest in NVIDIA or the other AI companies that are catching up as their upside potential is bigger? Come and share your points of view with us! 

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