CoreWeave's Anthropic Deal Energizes AI-Infrastructure Market

The stock experienced a sharp 11% decline from its last closing price, with the RSI falling to 33, approaching oversold territory. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, painting a negative technical picture. Although the news is positive, the deterioration in technical indicators and selling pressure may sustain the bearish trend in the short term. However, nearing oversold levels could create potential for a rebound buying opportunity.

The news that CoreWeave, one of NVDA's key customers, has secured a major AI deal is revitalizing demand for AI infrastructure. Technically, the stock closed strongly at $215.21, up 8.9%, with the RSI at 67.9, approaching overbought territory but not yet at dangerous levels. The MACD line is above the signal line and in positive territory, indicating continued short-term momentum. The price is trading above the 20- and 50-day moving averages, which are sloping upward, supporting the bullish trend. However, the rapid rise over the past 24 hours and the elevated RSI increase the risk of some profit-taking or consolidation in the near term.

AMD shares have surged more than 27% in the last 24 hours, pushing the RSI to 81.6, firmly in overbought territory. This increases the likelihood of a short-term correction or profit-taking. While news headlines have boosted interest in AI infrastructure, technical indicators point to an overheated market. Although the MACD remains positive, momentum is expected to weaken following such a rapid rally. Therefore, a short-term bearish move appears more probable.

The news could stimulate AI infrastructure demand, positively impacting semiconductor companies such as ARM. Technically, while the price is below the 20-day moving average, it is trading near the 50-day average, and the RSI is in neutral territory. Although the MACD is below the signal line, momentum cannot be said to be weakening. In the short term, an upward move driven by the news may be expected, but it is still too early for a strong trend reversal.