The AI Trade Is Fragmenting. Nvidia Isn’t the Whole Story

Nvidia (NVDA) is driving the headlines, but AI stocks are no longer moving as one trade. Mary Ellen McGonagle follows the relative strength emerging across the broader AI landscape. The headline weakness is masking a more complicated picture beneath the surface. Some former leaders are under pressure, while earnings and AI-driven growth are helping other companies hold up or break higher. Mary Ellen examines where that divergence is appearing and what it could signal about the next phase of the AI trade. 📈 Start your FREE 30-day StockCharts trial and see what better financial charting can do for your investing. https://stockcharts.com/?utm_source=YouTube&utm_medium=Organicvideo&utm_campaign=MaryEllen ➡️ Gain deeper market insights with Mary Ellen's twice-weekly MEM Edge Report. Start your FREE trial here: https://meminvestmentresearch.com/ 00:00 - Welcome & Headline News 01:48 - S&P 500, Equal Weight & Nasdaq 05:02 - S&P Sectors: Defensive Strength & Tech Pressure 07:13 - Industry ETFs, Rates & Volatility 10:47 - Semiconductors After Nvidia’s Slide 12:14 - Nasdaq 100: New AI Leaders 14:40 - AI Strength in Software 18:30 - Retailers Benefiting From AI 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: https://tinyurl.com/wvet7qj #aitrade #aistockanalysis #maryellenmcgonagle 👍🏻 FOLLOW US X - @StockCharts - https://x.com/stockcharts Facebook - https://www.facebook.com/stockchartsdotcom LinkedIn - https://www.linkedin.com/company/stockcharts.com-inc. ❗️DISCLAIMER Past performance is not indicative of future results. Neither the Show Participants nor StockCharts.com guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the show. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this show may not be suitable for you and you should make your own independent decision regarding them. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You should strongly consider seeking advice from your own investment advisor ––––– ℹ️ ABOUT STOCKCHARTS StockCharts.com is the world's leading technical analysis and financial charting platform. Trusted by millions of online investors around the world, the company has been an industry leader in the financial technology space for more than two decades. With innovative, award-winning charting and analysis tools, our mission is to help you better analyze the markets, monitor and manage your portfolios, find promising new stocks and funds to buy, and ultimately make smarter investment decisions. ℹ️ ABOUT STOCKCHARTS TV StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.