U.S. Trade Representative Greer: Chip Tariffs Not Imminent, Industry Protection Crucial

The news that chip tariffs will not be implemented immediately reduces short-term uncertainty, but the emphasis on industry protection keeps long-term risks alive. GOOGL stock presents a technically weak outlook: RSI at 34.8 is near oversold territory, MACD is below the signal line, and the price is trading below both the 20-day and 50-day moving averages. A decline of 1.88% in the last 24 hours indicates continued selling pressure. Although the news carries a positive tone, the weakness in technical indicators and the bearish trend make it difficult to determine direction in the short term. Therefore, a neutral stance appears more appropriate.

The news headline indicates that chip tariffs will not be implemented immediately and that sector protection is important. This could have a positive effect in the short term by reducing uncertainty. However, NVDA shares have fallen 3.3% in the last 24 hours, with the RSI at 36.5, approaching oversold territory. The MACD is below the signal line and negative, suggesting weak short-term momentum. The price is trading below the 20- and 50-day moving averages, further weakening the technical outlook. Despite the positive news, technical weakness leaves short-term direction uncertain.

The news indicates that chip tariffs will not be implemented immediately and that sector protection is important. This can be interpreted as a short-term positive signal for semiconductor companies such as AMD. Technical indicators support this view: the price has risen 11.7%, the RSI at 64 is not approaching overbought territory, the MACD is positive, and the price is above its SMAs. However, the large daily gain and rising RSI could trigger some profit-taking in the near term. Therefore, while the uptrend continues, caution is warranted.

The news signals a short-term positive for TSM, noting that chip tariffs will not be implemented immediately and that sector protection is important. Technical indicators support upside potential, with the price above SMA20 and SMA50, the MACD hovering near the signal line, and the RSI in neutral territory. However, the MACD remaining below the signal line and the price being close to SMA20 warrant caution. Therefore, a moderately confident upward move can be expected.