OpenAI Begins Preparations for IPO Application

OpenAI's preparations for an initial public offering could increase interest in the artificial intelligence sector and indirectly benefit AI chip manufacturers such as NVDA. Technically, the RSI at 49 is in neutral territory, while the MACD remains above the signal line, indicating short-term recovery potential. The price being above the 20-day SMA (222.24) strengthens the support level, while closing just below the 50-day SMA (224.79) creates resistance. Despite a 2.85% decline in the last 24 hours, the alignment of news flow and technical indicators supports a limited upside.

AMD may be positively impacted by OpenAI's IPO preparations, as AMD is a key supplier of AI chips for OpenAI. Technical indicators also support this upward trend: RSI is at 61, in neutral territory, MACD is above the signal line, and the price is above both the 20-day and 50-day moving averages. A 3.5% increase in the last 24 hours indicates strong short-term momentum. However, the impact of the IPO news may be limited, and broader market fluctuations should be considered.

OpenAI's preparations for an initial public offering (IPO) may increase demand for artificial intelligence (AI) chips, potentially creating a positive signal for Taiwan Semiconductor Manufacturing Company (TSM). However, this development may not have been fully priced in by investors yet. Technical indicators show that the price is above the 20 and 50-day moving averages, but the Moving Average Convergence Divergence (MACD) is negative, indicating uncertainty in the short term. A significant move in TSM's price is not expected within the next 1-3 days, with a slight rebound or stabilization being possible. Investors are advised to make decisions by evaluating both fundamental news and technical signals.

AVGO shares closed 2.4% lower, but the RSI at 48 remains neutral and the MACD stays above its signal line. The price is holding just above the 20-day SMA while trading below the 50-day SMA. OpenAI's IPO preparations could create indirect demand for chipmakers like AVGO by potentially boosting AI investments. However, this effect may be limited in the short term, and the current technical picture offers no clear direction. Therefore, a sideways trend is expected in the near term.