Apple Products Set for Price Hike: Tim Cook Highlights Rising Chip Costs

The news indicates that Apple will raise prices due to cost pressures. This could create a negative perception on the stock in the short term. However, technical indicators present a neutral picture: RSI at 47 is neither overbought nor oversold, while MACD remains below the signal line. The price is trading below the 20-day moving average (297.49) but holding above the 50-day moving average (294.46). Therefore, the impact of the news may be limited, and the market will await a clearer directional signal.

The news highlights Apple's concerns over rising chip costs, creating a negative demand signal for chipmakers like AMD. Technically, AMD shares are trading below the 20-day moving average ($528.34), with an RSI of 46 in the weak zone. The MACD line remains below the signal line, indicating negative short-term momentum. The last close was at $512, increasing the likelihood of a pullback toward the $500 support (50-day average). However, since the downtrend has not yet reached oversold territory, the movement may be limited.

The news that Apple has highlighted rising chip costs creates a negative demand signal for NVDA. Technical indicators also confirm weakness: RSI at 38.6 is in the sell zone, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. Selling pressure is likely to continue in the short term, but the pace of decline may be limited as the stock approaches oversold territory.