Memory/Semis

Update

Memory/Semis

AVGO $338.17 (RSI 54, golden cross). ASML $1,352.42 (RSI 46, golden cross). TSM $339.35 (RSI 43, golden cross). MU $406.41 (RSI 53, golden cross). AMD $198.93 (RSI 45, golden cross). NVDA $184.12 (RSI 50, golden cross).


Quick Snapshot

Signal Reading
Overall 🟡 PULLBACK — GOLDEN CROSSES INTACT — All major semi names have golden crosses but prices are drifting lower. TSM -7.8% 30D, ASML -3.9% 30D, MU -1.8% 30D. AVGO holding best at RSI 54. AMD entering the scan at RSI 45. Overall structure remains positive.
Key insight All six semi names have golden crosses — the structural thesis remains intact despite near-term price softness. TSM $339.35 RSI 43, -6.4% below SMA20 — the biggest pullback. ASML $1,352.42 RSI 46, -4.7% below SMA20 — litho monopoly consolidating. AMD $198.93 RSI 45, golden cross — adding to coverage.

Action Matrix

Action Stocks Why
📈 ACCUMULATE ASML $1,352.42, RSI 46, golden cross — litho monopoly, -12.6% from high
📈 ACCUMULATE TSM $339.35, RSI 43, golden cross — AI foundry, -6.4% below SMA20
📈 ACCUMULATE AMD $198.93, RSI 45, golden cross — AI GPU competitor, -25.5% from high
🔒 HOLD AVGO $338.17, RSI 54, golden cross, +2.1% 30D — AI networking/ASIC leader
🔒 HOLD MU $406.41, RSI 53, golden cross — memory upcycle confirmed
🔒 HOLD NVDA $184.12, RSI 50, golden cross — AI GPU leader, near SMA

Data (Validated 2026-03-12)

Stock Price 7D 30D 52wkHi RSI SMA20 vs SMA Status Action
TSM $339.35 -0.1% -7.8% -12.9% 43 $362.44 -6.4% 🟢 Golden cross, below SMA20 📈 Accumulate
AMD $198.93 +2.1% -3.4% -25.5% 45 $201.92 -1.5% 🟢 Golden cross, near SMA 📈 Accumulate
ASML $1,352.42 -0.3% -3.9% -12.6% 46 $1,419.02 -4.7% 🟢 Golden cross, below SMA20 📈 Accumulate
NVDA $184.12 +2.4% -1.5% -13.2% 50 $185.33 -0.7% 🟢 Golden cross, near SMA 🔒 Hold
MU $406.41 +5.7% -1.8% -10.8% 53 $408.28 -0.5% 🟢 Golden cross, near SMA 🔒 Hold
AVGO $338.17 +4.2% +2.1% -18.5% 54 $329.99 +2.5% 🟢 Golden cross, above SMA 🔒 Hold

Key Changes vs 03/11

Stock 03/11 Price 03/12 Price Move Note
AVGO $341.50 $338.17 -1.0% Slight giveback — RSI 54, golden cross intact
ASML $1,387.50 $1,352.42 -2.5% Pullback — RSI 46 from 49, golden cross still positive
TSM $353.75 $339.35 -4.1% Bigger pullback — RSI 43 from 50, -6.4% below SMA20
MU $418.62 $406.41 -2.9% Giveback — RSI 53 from 56, golden cross intact
AMD (new) $198.93 NEW Added — golden cross, RSI 45, -25.5% from 52wk high
NVDA (new) $184.12 NEW Added from MAG7 — golden cross, RSI 50

Key Discoveries

Discovery Implication
All 6 semi names have golden crosses Strongest structural sector — pullbacks are opportunities, not breaks
TSM -4.1% single day, -7.8% 30D Taiwan foundry under pressure — geopolitical + demand concerns?
AMD -25.5% from 52wk high with golden cross Deep value entry in AI GPU competition play
AVGO RSI 54, +2.1% 30D — most resilient semi AI networking/ASIC demand holding up better than pure semi names

Mistakes (Don't Repeat)

Mistake Lesson
Narrow memory theme (only AVGO/ASML/TSM/MU) AMD and NVDA belong in this theme for broader semi coverage

Open Questions

  • TSM -4.1% in one day — is this macro/geopolitical or demand concern?
  • AMD -25.5% from high with golden cross — better entry than NVDA here?
  • All golden crosses drifting lower — is the bull thesis weakening?
  • AVGO outperforming — is AI ASIC custom chip demand stronger than commodity semis?
10 events

No direct external sources are attached to this read.