Singapore Emerges as Neutral Hub for AI Firms Amid US-China Tech Rivalry

GOOGL shares closed up 2.79% and are trading above their 20-day simple moving average (SMA). The Relative Strength Index (RSI) stands at 61, not approaching overbought territory, while the MACD remains positive despite being below its signal line. News suggests the formation of a neutral zone for artificial intelligence companies, which could reduce geopolitical risks for global players like Google. Short-term upward momentum may be sustained, but the MACD signal line crossover and the $350 resistance level should be monitored.

The news points to the formation of a neutral zone for artificial intelligence companies, which could create a favorable environment for AI-focused firms such as NVDA. On the technical indicators, the RSI stands at 60.7, in neutral territory, while the MACD is just below the signal line but positive. The price is trading above both the 20-day and 50-day moving averages. A strong 7% gain in the last 24 hours suggests that short-term momentum may continue. However, as the stock is not yet in overbought territory, upside potential remains, albeit limited.

AMD closed at $323.11, up 6.1% in the last 24 hours, with an RSI of 49.9 indicating neutral territory. Although the MACD line remains below the signal line, the price above the 50-day SMA ($309.1) provides medium-term support. News highlights Singapore's emergence as a neutral zone for AI companies, potentially creating new market opportunities for semiconductor manufacturers like AMD. However, with the price still below the 20-day SMA ($334.5), upside may be limited, and a test of the 330-335 resistance zone is expected in the short term.

The news can be interpreted as a development that reduces geopolitical risks for the semiconductor sector in which TSM operates. Although the RSI is in neutral territory (48.7) and the MACD is below the signal line, the price remaining above the 50-day moving average (384.9) provides medium-term support. The 3.1% rise in the last 24 hours indicates a positive reaction to the news. However, the 20-day moving average (399.3) may act as resistance and could be difficult to break in the short term. Therefore, the upward trend should be assessed with limited optimism.