US Approves Some Chinese Companies' Purchase of Nvidia H200 Chips
📊 NVDA — Piyasa Yorumu
▲ up · 60%The news suggests that Nvidia's sales restrictions in the Chinese market could be relaxed, which is a positive development for the company. While the RSI at 78 indicates overbought conditions, increasing the risk of short-term profit-taking, the MACD above the signal line and the price trading above both the 20-day and 50-day moving averages confirm a strong upward trend. The 6.5% increase in the last 24 hours shows that the market has begun to price in the positive impact of the news. However, due to overbought conditions and short-term excessive volatility, caution is warranted regarding the continuation of the rally.
📊 GOOGL — Piyasa Yorumu
▲ up · 65%The news can be considered an indirectly positive development for GOOGL. Approval for the purchase of Nvidia H200 chips keeps growth expectations in artificial intelligence and cloud computing alive. Technical indicators also support this positive view: RSI is near 60 and above the MACD signal line, indicating a short-term upward trend. The price being above the 20- and 50-day moving averages confirms the strength of the trend. However, since the market's exact reaction to this news remains uncertain, it would not be appropriate to assign high confidence.