CPU supply crunch hitting both
$INTC &
$AMD β and the pain flows downstream to
$DELL,
$HPQ,
$AAPL β οΈ
$HPQ at $18.89, sitting just above SMA20 ($18.78) but 21.6% below its 200MA. RSI 49.77, basically neutral β but this supply squeeze could pressure margins.
$AMD holding above its 200MA ($193.84) at $205.37, RSI 51.20.
$INTC flat at $44.06, below both SMA20 & SMA50.
Memory shortage CPU constraints = double supply headwind for PC/server makers.
$HPQ down 18.79% QTD tells the story.
Watching
$HPQ for a hold above SMA20 or fade to $17.56 range.
$AMD bulls need to clear SMA50 at $214.44 to confirm momentum.
#Semiconductors #Chips #TechTrade