These are the most oversold technology stocks to watch this earnings season

Information technology stocks are drawing investor attention as the second-quarter earnings season gathers momentum this week, with market participants assessing whether recent weakness has created potential buying opportunities.

Several companies across the sector are now trading with relatively low Relative Strength Index readings, reflecting sustained selling pressure ahead of earnings reports and management guidance.

Leading the list is Synopsys, Inc. (SNPS) with an RSI of 23, placing it firmly in oversold territory. IonQ, Inc. (IONQ) and Oracle Corporation (ORCL) follow with RSI readings of 26 and 27, respectively, while Cadence Design Systems, Inc. (CDNS) and GLOBALFOUNDRIES Inc. (GFS) round out the top five with RSIs of 29 and 30.

Other notable names include Navitas Semiconductor Corporation (NVTS), while First Solar, Inc. (FSLR), International Business Machines Corporation (IBM), MACOM Technology Solutions Holdings, Inc. (MTSI), CoreWeave, Inc. (CRWV) and Cirrus Logic, Inc. (CRUS) each post RSI readings of 32, highlighting broad-based weakness across software, semiconductors and AI-related stocks.

The Relative Strength Index is a momentum indicator that measures the speed and magnitude of recent price movements on a scale of 0 to 100. Traditionally, an RSI above 70 suggests a stock may be overbought, while a reading below 30 indicates it may be oversold after an extended period of selling.

While an oversold RSI does not necessarily signal an imminent rebound, investors often monitor such stocks for potential shifts in sentiment, particularly around earnings announcements that can reshape market expectations.

Here is the list:

1. Synopsys, Inc. (SNPS), Market Cap: $72.47B, RSI: 23

2. IonQ, Inc. (IONQ), Market Cap: $12.78B, RSI: 26

3. Oracle Corporation (ORCL), Market Cap: $349.63B, RSI: 27

4. Cadence Design Systems, Inc. (CDNS), Market Cap: $91.00B, RSI: 29

5. GLOBALFOUNDRIES Inc. (GFS), Market Cap: $31.17B, RSI: 30

6. Navitas Semiconductor Corporation (NVTS), Market Cap: $2.85B, RSI: 31

7. First Solar, Inc. (FSLR), Market Cap: $22.06B, RSI: 32

8. International Business Machines Corporation (IBM), Market Cap: $200.20B, RSI: 32

9. MACOM Technology Solutions Holdings, Inc. (MTSI), Market Cap: $20.58B, RSI: 32

10. CoreWeave, Inc. (CRWV), Market Cap: $39.86B, RSI: 32

11. Cirrus Logic, Inc. (CRUS), Market Cap: $6.90B, RSI: 32

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