AMD, INTC and NVDA Forecasts – Chips Mixed Early on Monday

Semiconductor stocks were mixed on Monday as traders monitored interest rates. AMD (primary) looked soft and may slip below $500 after a strong run since April, suggesting a short-term pullback as buyers remain present. Intel also appeared weak but has clear support at the psychologically important $100 level (with the 50-day EMA as secondary support) and resistance near $130. Nvidia bucked the weakness, gapping higher and viewed as a continuation of its uptrend with a near-term target around $235; it remains the sector bellwether. Overall the piece is technical analysis highlighting support/resistance and short-term targets.