US Invests Billions in Quantum Computing: Top 3 Stocks to Benefit

The news indicates that investments in quantum computing are expected to increase, with QCOM positioned as a potential winner in this space. Technically, the RSI at 54 is in neutral territory, while the MACD supports an upward trend above its signal line. The price is above the SMA20 but below the SMA50, suggesting short-term recovery potential. The 7% decline over the past 24 hours could be partially offset by the positive impact of the news. However, resistance at the SMA50 and overall market uncertainty pose risks of limited upside.

NVDA shares have declined 7.2% in the last 24 hours, with the RSI falling to 30, entering oversold territory. The MACD is below its signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, technically confirming a bearish trend. Although news headlines focus on quantum computing investments, NVDA's current technical indicators suggest potential for further declines in the short term. Therefore, the short-term outlook is assessed as bearish.

The news headline suggests that the US's major investment plan in quantum computing could make AMD one of the biggest winners in the sector. Technically, AMD closed above its 20-day moving average (521.90) and has an RSI of 52.7, indicating neutral territory with potential for short-term upside. The MACD line is above the signal line and trending upward, supporting positive momentum. However, a 2.9% decline in the last 24 hours and a close just below the 50-day moving average (527.08) suggest that the upside may be limited. Therefore, while a slight short-term rise is possible due to the positive news, caution is advised.