Artificial Intelligence Stocks Show Lack Of Spark

Apple, Microsoft, NVIDIA, Tesla: A Price Chart Analysis

When the Nasdaq 100 establishes a slight new high, you might expect the leading beneficiaries of the artificial intelligence mania to be up there with the index.

You would be wrong.

Apple, Microsoft, NVIDIA and Tesla are exhibiting a definite lack of spark — in fact, they are basically weakening versus the rest of the Nasdaq in today’s trading.

$NDX slight new high, notice the RSI negative divergence:

Apple seems to have lost interest:

Microsoft peaked in late November:

NVIDIA can’t hit a new high on a Nasdaq 100 new high day:

Tesla can’t make it above the October high, the September high or the July high:

The steel stocks ETF, meantime, just keeps on keeping on:

Steel stock, recently spun off from Worthington Enterprises, puts AI stocks to shame:

Not investment advice. For educational purposes only.