Nvidia's $60 Billion Hidden Business Set to Surpass Broadcom
📊 NVDA — Piyasa Yorumu
▼ down · 60%Although the news headline points to a positive development, technical indicators present a weak short-term outlook. The stock declined 3.3% in the last session, and while the RSI at 36.5 is approaching oversold territory, the MACD remains below the signal line and in negative territory. Additionally, the price is trading below both the 20-day and 50-day moving averages, confirming weak short-term momentum. The positive news may not immediately overcome the technical pressure, making a continued short-term downtrend more likely.
📊 AVGO — Piyasa Yorumu
▼ down · 60%The news headline suggests that Nvidia has secured a significant business opportunity that will allow it to surpass Broadcom. This development could heighten concerns over Broadcom's competitive position and exert pressure on its stock. Technical indicators also point to weakness: the RSI at 47 is below the neutral zone, and while the MACD is below zero but above its signal line, momentum remains weak. The price is trading below both the 20-day and 50-day moving averages, supporting a short-term bearish trend. Despite a slight uptick in the last 24 hours, the overall outlook remains negative.