To The Moon

AI stock performance varied in Q1 earnings. Several AI-related stocks experienced significant declines in their share prices after releasing earnings reports. Some notable examples include ASML, TSM, and SMCI.

Some investors interpret these declines as a potential indication that the AI sector may have reached its peak. However, others maintain a long-term bullish outlook on AI, viewing the recent downturn as a temporary pullback.

NVIDIA

Nvidia makes graphics-processing units, or GPUs, which play a crucial role in AI. The company's shares have tripled over the past year, giving it a market capitalization of $2.27 trillion. Nvidia shares took a hit earlier this week when the billionaire investor Stanley Druckenmiller said that he'd slashed his big bet in the chipmaker earlier this year. He said the swift AI boom could be overdone in the short run.

NVDA daily chart

By looking at NVIDIA chart, it is still among the most bullish AI stocks. Last Friday, the share price breaks beyond the Orange coloured downtrend line. This week, the share price slightly consolidated but stood well above its EMA10 trend line. All these indicate that the stock price is still very bullish and I strongly believe $NVIDIA Corp(NVDA)$  will soon be engaged into another round of rallies, therefore a bullish vote for NVIDIA.

AMD

Chip giant AMD reported its first quarter earnings early May, beating analysts' expectations on the top and bottom lines, but lighter-than-anticipated guidance for the current quarter sent the stock lower.

CEO Lisa Su told analysts that the company now sees full-year data center GPU revenue exceeding 4 billion USD, ahead of its prior forecast of 3.5 billion USD, but significantly below some analysts' estimates.

AMD daily chart

As compared to NVIDIA, AMD has a much worse chart. We can observe a clear downtrend line in Orange. An interesting thing that we could notice here is, the share price is currently very very close to EMA200 trend line, in which AMD rebounds strongly after touching it, for at least 2 times as highlighted in the Figure above. I believe history will just keep repeat and we should expect a rebound in $Advanced Micro Devices(AMD)$   next week.

PLTR

Early this week, Palantir reported stronger-than-expected revenue and EPS in line with analyst estimates, but issued weaker-than-expected full-year guidance.

As a result, Palantir fell 15%, their worst day since May 2022. Market worried about slowing momentum at Palantir, as revenue growth from U.S. government contracts has shown signs of cooling. 

PLTR daily chart

Technically, PLTR is another stock that reaches its triple bottom support, as highlighted in Orange circles. Each time the share price hits this level at around 20.30 USD, PLTR will rebound for over 20%. I believe history will usually repeat and I expect $Palantir Technologies Inc.(PLTR)$   to rebound strongly pretty soon.

INTEL

The U.S. government has withdrawn select export licenses from Intel and Qualcomm, effectively preventing them from supplying processors to Huawei. As a result of the Huawei export license revocation, Intel now expects its second quarter revenue to fall below the midpoint of its guidance.

Intel daily chart

I remain my bearish view on $Intel(INTC)$  . The share price had a super bearish indicator end of April, when a death cross was formed between EMA50 and EMA200! A downtrend arrow drawn in the chart indicates a high potential movement of Intel stock for incoming weeks. Never underestimate the bearish ness in stock once the stock price stays below EMA200. 

SOXL

SOXL, consistently among the most actively-traded ETFs, seeks three times daily exposure from an index of 30 of the largest U.S.-listed semiconductor companies, including manufacturers and providers of equipment and services focused on the industry. The fund's index uses market cap-weighting, with the top five securities capped at 8% and the remaining securities at 4%. 

SOXL daily chart

This index trend is not bad actually and worth to be saved in your watchlist. Since the technical rebound in mid April nearby EMA200, the share price begins to turn bullish by forming a higher low. And now, as we zoom in to the Orange highlighted circle, it shows that EMA10 stays extremely close to EMA25 and EMA50 right now. I expect a double golden crosses will happen pretty soon, and send the index $Semiconductor Bull 3X Shares(SOXL)$  towards a target price around 55 USD.

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