Nvidia CEO Huang: Marvell Technology Could Become a Trillion-Dollar Company
📊 NVDA — Piyasa Yorumu
▼ down · 65%Although the news headline is positive, NVDA stock presents a technically weak outlook. It experienced a 3.4% decline from the last close, and the RSI at 40.9 is approaching the oversold territory. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day (211.22) and 50-day (216.01) moving averages. These technical indicators may limit the positive impact of the news and could cause the stock to continue its downward trend in the short term.
📊 MRVL — Piyasa Yorumu
▲ up · 60%Although Nvidia CEO's positive comments provide a strong signal regarding Marvell's long-term potential, the stock has declined 6.4% in the last 24 hours and is currently trading below its 20-day moving average. The RSI is neutral at 50, while the MACD remains below the signal line, indicating weak short-term momentum. While the news serves as a positive catalyst, technical indicators have yet to confirm a recovery. Therefore, I see limited upside potential in the near term, though downside risks also persist.