Nvidia Beats Expectations with $81.6 Billion Revenue in First Quarter
📊 NVDA — Piyasa Yorumu
▲ up · 70%Nvidia's first-quarter revenue of $81.6 billion exceeded expectations, confirming the company's strong growth momentum and creating a positive catalyst for the stock. On the technical indicators, the RSI is at 49.5, in neutral territory, while the MACD shows a slightly positive trend above the signal line. The price trading above the 20-day moving average ($222.24) provides short-term support, but closing just below the 50-day moving average ($224.79) points to a resistance zone. With the positive impact of the news, the stock has the potential to test the $225 level; however, considering the 2.8% decline over the past 24 hours, the upside may be limited.
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL shares closed at $388.88, trading below both its 20-day and 50-day moving averages. The RSI stands at 44.8, indicating weak momentum, while the MACD remains negative and below its signal line. Nvidia's strong quarterly results may shift AI investment focus toward Nvidia, potentially creating short-term pressure on competitors like GOOGL. The combination of weak technical indicators and negative news flow suggests the stock is likely to maintain its short-term downward trend.