A handful of stocks are entering or about to enter the worrisome so-called death cross. A death cross is a price chart pattern that forms when a stock's 50-day moving average slips below its 200-day moving average, lending a signal that investors are bearish on a stock or that the stock's momentum is weakening and could dip even further. A death cross can also be indicative of a forthcoming bear market pattern.
He noted that Intel has been falling behind as traditional server demand has been pushed out due to "continued prioritization of AI infrastructure spending by cloud and enterprise customers," and worried that it will continue to lose market share within the data center compute market to peers such as Nvidia and Arm . McDonald's McDonald's has also drawn a death cross. The stock is down 8.
Source: News Formal (newsformal.com)
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