Nvidia and SK to Announce Cooperation Plan; Huang Says Chip Shortage Will Persist

The news indicates that Nvidia will collaborate with SK and that demand continues to remain strong. Technical indicators are in oversold territory (RSI 28.3), and the price is below both the 20-day and 50-day moving averages, suggesting potential for a short-term rebound. However, as the MACD has issued a sell signal and there has been a sharp 8% decline in the last 24 hours, the upside expectation should be cautious. Therefore, a slight upward movement can be expected in the short term.

Although the news headline focuses on Nvidia and SK's announcement of a collaboration plan, no direct impact is expected on GOOGL stock. Technical indicators show the RSI at 48, in neutral territory, and the MACD remains above the signal line but in negative territory. The price is trading above the 20-day moving average but below the 50-day moving average, indicating short-term directional uncertainty. While the 1.2% increase over the past 24 hours is positive, the overall outlook lacks a clear direction. Therefore, a sideways trend is expected in the short term.

The news headline indicates that a collaboration plan with Nvidia will be announced and that the chip shortage will persist. This could serve as a positive catalyst for SKM, potentially increasing demand for the stock. However, the stock has experienced a 19% decline in the last 24 hours, with an RSI of 26, placing it in oversold territory. These technical indicators suggest potential for a short-term recovery. Although the MACD remains in negative territory, the combination of oversold conditions and positive news could support an upward move. Nevertheless, the downtrend and weak momentum pose a risk that any rally may be limited.