Huawei's New Chip Design Boosts Semiconductor Stocks
📊 NVDA — Piyasa Yorumu
▼ down · 65%News of Huawei's chip design could positively impact the overall semiconductor sector, but technical indicators for NVDA remain weak. Although the RSI at 36.5 is approaching oversold territory, the MACD is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. The 3.3% decline over the past 24 hours confirms negative short-term momentum. Despite the positive news, the deterioration in the technical structure suggests the downtrend may persist for some time.
📊 AMD — Piyasa Yorumu
▲ up · 65%The news headline brings a positive sentiment to the semiconductor sector, potentially increasing optimism for chipmakers like AMD. Technical indicators support this view: the RSI at 64.4 is not yet in overbought territory, the MACD is above its signal line with positive momentum, and the price is trading above its 20- and 50-day moving averages. The stock has recorded a strong 11.7% gain in the last 24 hours. However, such a rapid rise carries the risk of short-term profit-taking or consolidation, so the upside outlook is tempered with cautious optimism.
📊 TSM — Piyasa Yorumu
▲ up · 60%News of Huawei's new chip design has created a positive atmosphere in the semiconductor sector. TSM shares rose 2.28% in the last 24 hours, with the RSI at 51.6, indicating a neutral zone and no overbought signal. Although the MACD line remains below the signal line, the price is trading above the 20- and 50-day moving averages. In the short term, the upward trend may continue supported by this news, but for momentum to strengthen, the MACD may need to cross above the signal line.