the broader NASDAQ indices are now trading in negative territory. The NASDAQ composite Index was 362.46 point at session highs. It is currently trading down -56.28 points at 25380. The NASDAQ 100 index is up 368.55 points. It is currently down -140.34 points at 28244. The S&P index is still up 6.65 points after trading as high as +82.16 point.For the Nasdaq composite index, the 200 day MA comes in at 25065. The 38.2% of the move up from the March low comes in at 25036. The low price for the day reached 25380.72. For the Nasdaq 100, the 200 day MA comes in at 27940.95. The low reached 28244.50. Moving below the 200 day MAs for each would increase the bearish bias technically. The Magnificent 7 are mixed. Apple declines ahead of earnings after the closeThe Magnificent 7 are mixed in the latest trading snapshot, with Amazon leading the buyers. Shares are up $8.43, or 3.51%, at $248.78. Tesla is also moving higher, gaining $6.31, or 1.58%, to $406.13, while Alphabet is up $3.74, or 1.34%, at $283.58. Nvidia is little changed, adding $0.28, or 0.14%, to $204.92.On the downside, Apple is the weakest performer, falling $7.72, or 2.24%, to $336.91. Microsoft is down $4.64, or 0.89%, at $517.27, while Meta is lower by $4.05, or 0.66%, at $610.94. The performance highlights a selective recovery, with buyers supporting some names while others remain under pressure.Intel, meanwhile, continues to struggle after last week’s sharp post-earnings decline. Shares are down another $5.02, or 7.63%, at $60.74 in your snapshot. The earnings report showed revenue growth of 21% and data-center and AI revenue growth of 78%, but the outlook pointed to weaker sequential revenue and margins, continued PC-market headwinds and supply constraints. Those concerns help explain why strong backward-looking results have failed to reassure investors. For Intel buyers, the first job is to stall the fall and establish a base. With the stock extending its losses today, there is still little evidence in this snapshot that sellers are giving up control.AI and Chip Stocks continue to get hit hardAI and chip-related stocks remain under heavy selling pressure. Lumentum leads the declines, falling 18.07% to $688.75, followed by Marvell, down 11.84% to $173.15, and Astera Labs, lower by 9.58% at $233.92.The selling extends beyond the chipmakers. Nebius is down 7.67%, CoreWeave has fallen 7.60%, and Western Digital is lower by 6.52%. Datadog, Credo and AMD are also down more than 6% each.Although parts of the Magnificent 7 are finding buyers, this broader AI and semiconductor basket tells a weaker story. Investors remain selective, and sellers continue to control the price action across much of the AI infrastructure trade.Of the names in the AI and chip sector, they break down into five separate industry groups:Semiconductors and connectivity chips: Intel, AMD, Marvell, Astera Labs and Credo. These companies supply processors or chips that move data within and between AI systems.Optical networking and photonics: Lumentum. Supplies optical components used in high-speed data-center connections.AI cloud infrastructure: Nebius and CoreWeave. Provide computing capacity and infrastructure for AI workloads.Data storage: Western Digital. Supplies hard drives used in data centers and other storage applications.Cloud software and monitoring: Datadog. Provides tools to monitor applications, cloud infrastructure and system performance.The breadth of the declines shows there are little in the way of winners in the broader groupl This article was written by Greg Michalowski at investinglive.com.