Amazon Considers Selling Trainium Chips Externally, Marvell in Focus

The news raises the possibility of Amazon selling its own chips externally, which could create competitive pressure for third-party chip suppliers like Marvell. Technical indicators also point to weakness: the price is below both the 20-day and 50-day moving averages, the RSI is at 39 in the oversold zone, and the MACD is negative and below the signal line. The 4.85% decline in the last 24 hours suggests continued selling pressure. Given the combination of negative news flow and a bearish technical outlook in the short term, I believe the downward movement could persist.

Amazon's potential to sell its Trainium chips externally could create a new revenue stream and enhance its competitiveness in the AI hardware market. Technically, the RSI at 45.5 is in neutral territory, while the MACD is close to crossing above the signal line, which could signal a short-term recovery. Although the stock is trading below the 20-day SMA (232.21), the positive news may drive a rise toward this level. The 1.84% decline over the past 24 hours could be viewed as a buying opportunity following the news. However, with Marvell remaining in focus, Amazon's chip strategy is not yet clear, so expectations for an upward move should be tempered with caution.