SK Hynix Posts Record Revenue on AI and Chip Demand

AMD shares have surged more than 27% in the last 24 hours, pushing the Relative Strength Index (RSI) to 81, firmly in overbought territory. While the news supports a positive outlook for AI and chip demand, such a rapid rally raises the likelihood of a short-term correction or consolidation. Although the MACD still signals upward momentum, overbought conditions and the price trading well above its moving averages warrant caution. As a result, short-term direction remains uncertain.

The news confirms strong demand for artificial intelligence and chips, which serves as a positive catalyst for NVDA. Technical indicators also support the uptrend: the RSI at 68 is approaching overbought territory but is not yet at dangerous levels, the MACD is above its signal line and positive, and the price is above both the 20-day and 50-day moving averages. The 9% rise in the last 24 hours indicates strong momentum. However, after such a rapid short-term increase, some profit-taking or consolidation may occur, so the upside expectation is tempered with cautious optimism.

ASML could be positively impacted by news of SK Hynix achieving record revenue driven by artificial intelligence and chip demand, as this confirms strong demand in the semiconductor sector. Technically, while the stock has entered overbought territory with the RSI approaching 75, the MACD being above its signal line and trading above the 20- and 50-day moving averages support short-term upward momentum. However, the sharp 9.6% rise in the last 24 hours increases the risk of profit-taking, which may limit further upside. Therefore, I have moderate confidence in the upward trend.