Elon Musk Unveils Plan for Terafab AI Chip Project

The news can be interpreted as a positive signal for artificial intelligence chip demand and may provide short-term support for NVDA stock. Although technical indicators show the RSI in neutral territory (49.7) and the price closed below the SMA20 (211.6), the MACD remains above zero and trading above the SMA50 (206.3) suggests the medium-term trend is still positive. The slight increase over the past 24 hours (+0.54%) and the optimism generated by the news could trigger an upward move in the short term. However, since the price needs to break above the SMA20, there is a risk that the rally may remain limited.

The news points to a positive development in an artificial intelligence chip project, potentially creating expectations of increased demand for semiconductor manufacturers such as TSM. Technically, although the price closed below the SMA20, the RSI is in neutral territory and the MACD is above zero, indicating potential for a short-term recovery. However, the 2.8% decline over the last 24 hours and the MACD remaining below the signal line warrant caution. A positive move at tomorrow's opening may be expected due to the news, but for the upward movement to be sustainable, it is important for the price to surpass the SMA20.

The news is seen as a development that could enhance AMD's potential in the AI chip market. Technical indicators show the RSI at 62, not approaching overbought territory, and the MACD above its signal line, suggesting short-term upward momentum may continue. However, a 2.6% decline in the last 24 hours and general market uncertainties keep the bullish outlook cautious. The price remaining above the 20- and 50-day moving averages is also a positive signal.

ARM shares fell 13.9% in the last 24 hours, closing at $201.70. Although the RSI is in neutral territory at 46.8, the MACD line is below the signal line and in negative territory, indicating short-term weakness. The price is below both the 20-day ($204.36) and 50-day ($202.22) moving averages, suggesting continued selling pressure. Elon Musk's announcement of an AI chip project could be perceived positively for ARM's competitors, potentially adding further pressure on ARM stock. The downtrend is expected to persist in the near term.