INTC, NVDA and AMD Forecasts – Chips Look to Recover on Tuesday

Chip stocks look set to open higher on Tuesday, with Nvidia (NVDA.OQ) the clear leader and viewed as bullish — short-term pullbacks are seen as buying opportunities with support near $195 and a potential move toward $210. AMD (AMD.OQ) is expected to try to recover toward $300, though it is overbought and may trade sideways as it digests gains; support sits around $266.50 and its earnings are on May 5. Intel showed a recent sharp move up from about $43 and may consolidate ahead of its earnings call on Thursday, which could be a major catalyst. Overall the sector tone is positive, driven by risk appetite for AI names.