Micron surges to all-time highs post-earnings while Nvidia, Alphabet, and Microsoft fall below critical moving averages.
Micron shares rallied to new highs after strong earnings and guidance, contrasting with declines in major tech stocks. Nvidia dropped below its 100-day moving average at $196.17, hitting a session low of $192.13 but remaining above its 200-day average at $190.53.
Nvidia last traded below both moving averages in early April near $180 before rebounding to a record $236.54 on May 14. Alphabet dipped below its 100-day moving average at $338.57, briefly touching $335.84, while Microsoft fell 2.57% to $356.00, extending losses from its May 29 peak.
Technical analysts view the 100-day and 200-day moving averages as critical support levels. A break below both could signal deeper corrections for these stocks.