Jim Cramer Admits Amazon's AI Chips Pose a Threat to Nvidia
📊 AMZN — Piyasa Yorumu
▲ up · 60%The news headline creates a positive perception by suggesting that Amazon's AI chips could rival Nvidia. However, technical indicators are in oversold territory (RSI below 30), and the price is below both the 20-day and 50-day moving averages, indicating short-term weakness. The MACD continues to give a sell signal. Therefore, the positive sentiment from the news may not fully offset the technical weakness. Limited upside or sideways movement is expected in the short term.
📊 NVDA — Piyasa Yorumu
▼ down · 60%Jim Cramer's admission that Amazon's AI chips pose a threat to Nvidia could heighten competition concerns among investors. Technically, while the RSI at 55.8 remains in neutral territory, the MACD continues to stay below the signal line, indicating short-term weakness. Although the price is above the 20- and 50-day moving averages, a short-term bearish trend may be expected due to the negative perception created by the news and mixed signals from technical indicators. Profit-taking also appears likely following the 3.9% rise over the past 24 hours.