New US Restrictions on Chip Exports to China

The news creates a direct negative catalyst for NVDA, as a significant portion of the company's revenues is tied to the Chinese market. Technical indicators support this view: the RSI has declined to 35, approaching oversold territory, but momentum remains weak. The MACD line is below the signal line and in negative territory, suggesting the downtrend could continue. The price closed below both the 20-day and 50-day moving averages, indicating a weak short-term outlook. However, the 4.9% decline over the past 24 hours may be partially priced in, so oversold conditions could trigger a short-term bounce.

The news signals a restriction that directly impacts AMD's primary market. Technically, the RSI is in overbought territory at 74.6, and the 6.3% rise in the last 24 hours indicates excessive optimism. Although the MACD is positive, profit-taking and a short-term downtrend can be expected in light of such news. While being above SMA20 and SMA50 supports the medium-term trend, the news effect may dominate in the short term.

The news indicates that the US will expand chip export restrictions on China. This could negatively impact the revenue expectations of semiconductor companies such as TSM. Technically, the stock has declined 2.1% in the last 24 hours, with an RSI of 53 in neutral territory. The MACD has just crossed below the signal line, suggesting weakening short-term momentum. However, as the stock is trading above its 20- and 50-day moving averages, the decline may be limited.

The news is a direct negative development for chip equipment manufacturers such as ASML. Technically, the RSI at 64 is approaching overbought territory, and while the price remains above the SMA50, momentum could weaken. Although the MACD is positive above the signal line, the uncertainty created by the news may generate selling pressure in the short term. Following a 1.1% gain from the last close, this news could trigger profit-taking.