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Market alert: Major AI players and US indexes show bearish signals
Body: On Tuesday, $Advanced Micro Devices (AMD.US)$ and $Super Micro Computer (SMCI.US)$ mixed earnings reports led to led to a 10% slide in Show More
Body:
On Tuesday, $Advanced Micro Devices (AMD.US)$ and $Super Micro Computer (SMCI.US)$ mixed earnings reports led to led to a 10% slide in SMCI shares and a 6% dip for AMD. This comes after similar disappointments from $ASML Holding (ASML.US)$ and $Taiwan Semiconductor (TSM.US)$. The oversized expectations around AI can hurt this sector, and Nvidia is now seen as the only hope for the chip sector.

🌠 Magnificent no more?
It also marked the worst time in history for the 'Magnificent 7' stocks,  with four of last year's red-hot tech giants profits in recent earnings reports. This makes the forthcoming earnings from Apple and NVIDIA especially keenly watched. For the first time since October last year, the 'Magnificent 7' fell below the 50-day moving average, with a combined market value loss of $950 billion.

📈 Chart talks
From a technical perspective, all three indexes have generated bearish signals with their daily moving averages forming a bearish cross. What's next?

🎤 Discussion:
1. How long will this market correction last?
2. What strategies will you use to dodge the bullet?
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