Nebius Revenue Surges on AI Infrastructure Spending

The news highlights an increase in artificial intelligence infrastructure spending, which serves as a positive catalyst for AI chip manufacturers such as NVDA. Technical indicators support this view: the RSI at 64 is not yet in overbought territory, the MACD is positive, and the stock is trading above its SMA20 and SMA50. The 3.8% rise in the last 24 hours indicates continued momentum. However, caution is advised in the short term to avoid excessive optimism.

The news reports that the increase in artificial intelligence infrastructure spending has boosted Nebius's revenue. Since AMD is a significant player in AI chips and infrastructure, this development could positively impact the sector. Technically, AMD's stock has risen 10.6% in the last 24 hours, with an RSI of 60, not yet approaching overbought territory, and the MACD is above the signal line. However, the price is very close to the 20-day moving average (449), which could create resistance at this level. In the short term, upward momentum may continue, but caution is advised.

Amazon (AMZN) shares have fallen 2.47% over the past 24 hours to $265.89. The RSI at 36.7 is approaching oversold territory, but 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 ($269.27) and 50-day ($271.66) moving averages, creating a negative technical outlook. While Nebius's surge in AI infrastructure spending is an indirect positive signal for AMZN, current technical indicators suggest the downtrend may continue in the near term. Therefore, our short-term outlook is bearish, though the pace of decline may be limited as the stock approaches oversold conditions.

GOOGL shares fell 2.3% in the last close, trading at $387.44. The RSI has dropped to 42, below the neutral zone, while the MACD remains in negative territory below the signal line. Closes below the 20- and 50-day moving averages indicate short-term weakness. Nebius's increase in AI infrastructure spending may not serve as a direct catalyst for GOOGL, and the current technical outlook supports a bearish trend.