Bernstein Analyst: AI Agents Drive Chip Demand to 'Crazy Levels', Supply Cannot Keep Up

The news indicates that AI agents are increasing chip demand, with supply unable to keep pace, serving as a positive catalyst for NVDA. Technical indicators also confirm strong bullish momentum: the RSI at 67.9 is approaching overbought territory but is not yet at dangerous levels, the MACD is above the signal line and positive, and the price is above both the 20-day and 50-day moving averages. The 8.97% increase over the last 24 hours suggests the uptrend continues. However, the elevated RSI also brings a risk of a short-term correction, so excessive optimism should be avoided. The short-term uptrend is expected to be maintained, but caution is advised.

AMD shares have surged more than 27% in the last 24 hours, pushing the RSI to 81.6, deep into overbought territory. This increases the likelihood of profit-taking and a technical correction in the near term. While the news is positive, the price action appears to have already priced in much of the optimism. Although the MACD remains above its signal line, supporting bullish momentum, the overbought levels and expectations of consolidation following the rapid rise suggest a short-term downward move is more probable.

The news indicates that AI agents are increasing chip demand, with supply struggling to keep up, serving as a positive catalyst for semiconductor manufacturers like TSMC. Technically, the stock rose 3.68% in the last close, with an RSI of 53.8 in neutral territory, suggesting further upside potential. Although the MACD remains below the signal line, momentum is showing signs of recovery. A close above the SMA20 (413.6) could strengthen the short-term uptrend. However, given the stock's position just above the SMA20 and the MACD's weakness, there is a risk that the rally may be limited.

ASML shares have risen 9.6% in the last 24 hours, with the RSI reaching 75 and entering overbought territory. News headlines indicate that AI agents are driving a surge in chip demand, with supply struggling to keep up, signaling strong demand for chip equipment manufacturers like ASML. On the technical indicators, the MACD line is above the signal line and in positive territory, suggesting that upward momentum continues. However, the RSI being in overbought territory increases the risk of a short-term correction or profit-taking. While the upward trend may persist in the near term, caution is warranted due to overbought conditions.