US Temporarily Halts $1.4 Billion Arms Sale to Taiwan

The news could increase geopolitical tensions, putting pressure on technology stocks. NVDA's RSI is in weak territory at 42 and below the MACD signal line, supporting a short-term bearish trend. The price is trading below the 20- and 50-day moving averages, which makes the technical outlook negative. However, the decline is likely limited, as the stock has lost only 0.19% in the last 24 hours and has not yet entered oversold territory.

The news points to geopolitical tensions surrounding TSM's main operational hub in Taiwan. The suspension of arms sales could create uncertainty in US-Taiwan relations, potentially undermining confidence in the semiconductor sector. Although technical indicators show the RSI at 59.5 in neutral territory, the MACD being above the signal line may provide some short-term support. However, given the prevailing geopolitical risks, a short-term decline in the stock is expected.

The news could increase geopolitical risks for AMD's supply chain and its exposure to the Chinese market. Although technical indicators show RSI near 60 and MACD positive, the 9% rally in the last 24 hours suggests the stock is approaching overbought territory. In the short term, the uncertainty created by this news may trigger profit-taking following the recent rally. However, trading above SMA20 and SMA50 indicates that any downside could be limited.