TSMC Maintains Growth Outlook on AI Demand

The news headline indicates that TSMC maintains its growth outlook driven by AI demand, serving as a positive catalyst for the stock. On technical indicators, the RSI is at 51.3, in neutral territory, while the MACD remains in positive territory but below the signal line. The price closed below the 20-day SMA (441.6) but above the 50-day SMA (428.1), providing medium-term support. The 4.2% rise in the last 24 hours could be interpreted as a short-term recovery signal. However, the failure to break above the 20-day SMA and the MACD being below the signal line suggest that the upside may be limited.

GOOGL shares fell 6.1% in the last close, with the RSI dropping to 23, entering oversold territory. The MACD remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below its 20-day and 50-day moving averages, reflecting a negative technical outlook. While TSMC's positive news on AI demand provides support to the broader tech sector, it does not serve as a direct catalyst for GOOGL. Given the current technical weakness, the downtrend is expected to persist in the near term.