Analog Devices Beats Q3 Revenue Estimates on AI Boom
📊 ADI — Piyasa Yorumu
▲ up · 60%ADI has posted positive news flow by surpassing third-quarter revenue expectations, driven by the artificial intelligence boom. However, technical indicators are in oversold territory (RSI at 24.86), and the price is trading below both the 20-day and 50-day moving averages. Although MACD values remain in negative territory, oversold conditions could signal a short-term recovery. The 8.6% decline over the past 24 hours may offset the positive impact of the news, but the strength of AI-themed expectations makes an upward move more likely.
📊 GOOGL — Piyasa Yorumu
▼ down · 65%Although GOOGL shares closed 4.17% lower in the last session and the RSI at 33.6 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading well below its 20-day and 50-day moving averages (394.15 and 394.67, respectively), which paints a negative technical picture. While the news headline focuses on Analog Devices, positive developments in the AI sector do not provide direct support for GOOGL. The risk of a continued short-term downtrend is high, though a limited bounce is possible given the oversold conditions.