Key Highlights

  • One stock is in Leading: Apple (AAPL).
  • One stock is in Improving: Meta Platforms (META).
  • Four stocks remain in Lagging: Broadcom (AVGO), Intel (INTC), Advanced Micro Devices (AMD) and Alphabet (GOOGL).
  • Four stocks are positioned in Weakening: NVIDIA (NVDA), Micron Technology (MU), Microsoft (MSFT) and Oracle (ORCL).
  • Micron records the strongest daily gain: MU advanced 6.10%.
  • AMD and Intel also delivered strong gains of 4.69% and 4.51%, respectively.
  • Oracle gained 3.08%, while Meta advanced 1.00%.
  • Apple remains in Leading despite declining 2.51%, demonstrating the difference between daily price performance and relative momentum.
  • Microsoft declined 2.04%, while Alphabet fell 1.17%.
  • Six of the 10 stocks advanced during the session.

The latest US Technology stock momentum visualization for 4 September 2026 shows one stock positioned in Leading, one in Improving, four in Lagging and four in Weakening. Apple retains the strongest relative position, while Meta is positioned in Improving. Broadcom, Intel, AMD and Alphabet remain in Lagging, while NVIDIA, Micron, Microsoft and Oracle occupy Weakening.

The short-term performance data was notably stronger among semiconductor stocks, with Micron, AMD and Intel recording gains above 4%. However, the RRG highlights an important divergence between daily price performance and relative momentum, particularly among Micron, AMD and Intel, which recorded strong daily gains while remaining outside the Leading quadrant. This follows the framework used in the attached reference article, where RRG positioning is distinguished from one-day performance.

Momentum Breakdown by Quadrant

US Technology Relative Momentum Chart (at the closing price of 04/09/2026). Powered by AmiBroker.

Leading: Apple

Apple remains the strongest-positioned stock on the RRG, located well inside the Leading quadrant with a positive relative-momentum profile.

Despite this strong relative positioning, AAPL declined 2.51% on 4 September, making it the weakest daily performer among the 10 stocks. This divergence demonstrates that RRG positioning reflects relative momentum over a broader period rather than simply one-day price performance.

The continued position of AAPL in Leading indicates that it retains stronger relative momentum compared with the broader US Technology stock universe.

Improving: Meta Platforms

META gained 1.00% during the session. Its position in Improving indicates that relative momentum is strengthening, although the stock has not yet established the relative-strength profile required to move into Leading.

A continued movement toward the upper-right of the RRG would increase the probability of a transition into Leading. Further improvement in relative performance would provide additional confirmation of this potential rotation.

Lagging: Broadcom, Intel, AMD and Alphabet

AMD recorded the strongest gain among these stocks, advancing 4.69%, while Intel increased 4.51%. Broadcom gained 0.21%, whereas Alphabet declined 1.17%.

Despite the strong daily performances of AMD and Intel, their positions in Lagging indicate that their broader relative momentum remains weaker than the current leader, Apple.

This is another clear example of why a strong one-day return does not necessarily translate immediately into stronger relative momentum.

A sustained movement toward the centre of the RRG would provide the first indication that these stocks are beginning to recover. A subsequent move into Improving would offer stronger evidence of a developing momentum rotation.

Weakening: NVIDIA, Micron, Microsoft and Oracle

Micron was the strongest daily performer among the 10 stocks, gaining 6.10%, followed by AMD at 4.69% and Intel at 4.51%. Oracle also advanced 3.08%, while NVIDIA gained 0.84%.

However, their positions in Weakening indicate that relative momentum has deteriorated despite the positive daily performance of several stocks.

Microsoft declined 2.04%, while its position in Weakening indicates both a relatively strong position on the horizontal axis and deteriorating momentum. NVIDIA and Micron show a similar pattern, with both positioned well to the right of the relative-strength midpoint but below the horizontal momentum line.

A sustained movement above the horizontal midpoint would provide an early indication that these stocks are regaining positive momentum and potentially moving toward Leading.

Strategic Summary

The latest US Technology stock momentum analysis shows one stock in Leading, one in Improving, four in Lagging and four in Weakening, creating a highly selective rotational structure.

Apple remains the strongest relative performer, while Meta is the only stock currently positioned in Improving. The more notable development is the strong daily performance from Micron, AMD and Intel despite their positions outside Leading.

Micron delivered the strongest daily gain at 6.10%, followed by AMD at 4.69%, Intel at 4.51% and Oracle at 3.08%. However, these strong daily returns have not yet translated into stronger RRG classifications.

Meanwhile, Broadcom, Intel, AMD and Alphabet remain in Lagging, while NVIDIA, Micron, Microsoft and Oracle are positioned in Weakening. This highlights the importance of distinguishing short-term price gains from broader relative momentum.

Overall, the RRG presents a highly selective US Technology environment. The key consideration is whether the strong daily performance of semiconductor stocks can generate a sustained rotation toward the centre of the RRG and subsequently into Improving, while Meta needs continued relative-strength gains to challenge Apple's Leading position.