Cerebras Shares Rise as Wall Street Brokerages Back AI Chip Strategy
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL closed at $362.12, trading below its 20-day SMA ($367.24) and 50-day SMA ($372.92), indicating short-term weakness. While the RSI at 37.6 approaches oversold territory, the MACD line remains below the signal line and in negative territory, confirming bearish momentum. Although the rise in Cerebras shares in the news headline positively reflects on the AI chip sector, GOOGL's own technical indicators appear more dominant. Despite a slight 0.08% gain in the last 24 hours, the price staying below moving averages and the weak MACD suggest the bearish trend may continue in the short term.
📊 NVDA — Piyasa Yorumu
▼ down · 65%NVDA shares fell 6.5% in the last 24 hours, closing at $208.30. While the RSI at 38 approaches oversold territory, the MACD remains below the signal line and in negative territory. The price is trading below both the 20-day ($212.88) and 50-day ($216.51) moving averages. Positive news regarding Cerebras is not a direct catalyst for NVDA and may create short-term pressure by increasing competition in the AI chip sector. With technical indicators remaining weak, the downtrend is expected to persist for some time.
📊 AMD — Piyasa Yorumu
▼ down · 65%AMD shares fell 6.16% in the last 24 hours, closing at $489.31. The RSI has dropped to 43.55, below the neutral zone, while the MACD remains negative below the signal line. Trading below the 20-day and 50-day moving averages indicates short-term weakness. A rise in Cerebras shares could increase competitive pressure on AMD in the AI chip market. Therefore, the likelihood of a continued downward trend in the short term is high.
📊 AVGO — Piyasa Yorumu
▼ down · 70%AVGO shares have fallen 17.6% in the last 24 hours, declining to the 396.56 level. Although the RSI at 34.6 is approaching oversold territory, the MACD continues to give a sell signal. The price is trading well below the 20-day and 50-day moving averages (419.5 and 440.9, respectively). Positive news regarding Cerebras, an AI chip company that is a direct competitor to Broadcom, could have a negative impact on AVGO. In the short term, technical indicators are likely to remain weak.