China Unveils $295 Billion Mega Investment Plan for AI Race
📊 NVDA — Piyasa Yorumu
▼ down · 65%The news announces China's major investment plan in the field of artificial intelligence. This situation implies increased competitive risk for US-based AI companies. NVDA shares have fallen 3.4% in the last 24 hours, with the RSI at 40.9, indicating a weak zone. The MACD line is below the signal line and in negative territory, suggesting that short-term bearish momentum may continue. The price is trading below the 20- and 50-day moving averages. Therefore, the downtrend is expected to persist in the short term.
📊 AMD — Piyasa Yorumu
▼ down · 65%AMD shares have lost 10% in the last 24 hours, falling to the $490 level. Although the RSI is at 45, indicating a neutral zone, the price is trading below both the 20-day (495.8) and 50-day (509) moving averages. The MACD line is below the signal line and in negative territory, pointing to short-term weakness. China's AI investment plan may be perceived negatively due to AMD's sales restrictions in the Chinese market. With technical indicators and news converging, the likelihood of a continued downtrend in the short term is high.
📊 TSM — Piyasa Yorumu
▼ down · 65%The news indicates that China's increased investment in artificial intelligence could create competitive pressure for US-based chipmakers such as TSM. Technical indicators are already weak: the price is below the 20- and 50-day moving averages, the RSI is at 44 in the neutral-to-bearish zone, and the MACD is negative below zero. The 3.17% decline over the past 24 hours suggests continued selling pressure. In the short term, the downtrend is expected to persist under the influence of this negative news.
📊 AVGO — Piyasa Yorumu
▼ down · 70%AVGO has experienced a sharp sell-off, dropping 18.8% in the last 24 hours. While the RSI at 36 approaches oversold territory, the MACD remains negative and below its signal line. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. China's AI investment plan could imply increased competition and supply chain risks for US-based semiconductor companies. Therefore, the downtrend is likely to continue in the near term.