Nebius Strengthens Focus on Companies Beyond Nvidia in AI ETF Investment

Nebius’s focus on companies other than Nvidia in its AI ETF could modestly reduce investor interest in NVDA. The ETF’s 24‑hour rise of 5.65% and the fact that the 20‑period simple moving average (SMA20) remains above the 50‑period SMA (SMA50) still signal a strong trend. However, the relative strength index (RSI) is above 70 and the MACD is slightly below the signal line, indicating overbought conditions. This combination raises the probability of a small short‑term correction. Accordingly, NVDA’s price may see a modest decline over a 1‑ to 3‑day period, but a significant reversal is not anticipated.

Nebius’s recent focus on companies other than Nvidia could be interpreted as a positive signal for alternative GPU manufacturers such as AMD. The stock has risen 7.69% over the past 24 hours, with an RSI of 51 indicating that the price is not yet in an overbought zone. While the MACD remains below its signal line, exerting short‑term pressure, the price sits above the 20‑day simple moving average (SMA20) and below the 50‑day SMA (SMA50), providing medium‑term support. This development may lift the share price modestly over the next one to three days, though overall market sentiment and the performance of other AI firms could limit the magnitude of the move.