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67/100 Bearish 03.07.2026 · 15:39 Finrend AI ⏱ 1 dk 👁 6 TR

JPMorgan: AI Chip Rally May Slow Down

JPMorgan analysts have indicated that the rally in AI chip stocks may decelerate as major cloud service providers (hyperscalers) develop their own AI chips, narrowing the performance gap. The bank stated that this could negatively impact the market share and growth rate of existing chip manufacturers. The report emphasized that hyperscalers starting to produce their own custom chips will reduce dependence on traditional AI chip suppliers. JPMorgan predicts that this trend will intensify competition, especially during a period of increased data center spending, and could put pressure on margins. Analysts noted that current valuations in the AI chip sector are high and that investors need to reassess growth expectations in this area. According to JPMorgan, the use of proprietary chips by hyperscalers could alter demand dynamics in the sector and lead to downward revisions in revenue projections for some companies. This is not an investment recommendation.

📊 JPM — Piyasa Yorumu

■ neutral · 60%

The news headline suggests that the artificial intelligence chip rally could slow, but it does not contain any direct negativity regarding JPMorgan itself. Technical indicators paint a neutral-positive picture: the RSI at 57 is not in overbought territory, the MACD is above its signal line, and the price is above both the 20-day and 50-day moving averages. The 0.76% gain in the last close also supports short-term momentum. Therefore, a balance emerges between the cautious sentiment the news may create and the strength of the technical structure, making it difficult to determine a clear direction.

RSI 14
57.2
MACD
0.67
24h Δ
0.76%

📊 NVDA — Piyasa Yorumu

▼ down · 60%

The news headline suggests a negative outlook for NVDA, indicating that the AI chip rally may be slowing. Technical indicators support this view: the RSI at 44.6 is below the neutral zone, and the MACD line is below the signal line and negative, pointing to short-term weakness. The price closed below both the 20-day and 50-day moving averages, suggesting potential resistance. Despite a slight uptick in the last 24 hours, momentum indicators remain bearish. Therefore, a downward movement can be expected in the short term.

RSI 14
44.6
MACD
-0.81
24h Δ
0.42%

📊 AMD — Piyasa Yorumu

▼ down · 70%

The news headline suggests a negative outlook for AMD, indicating that the AI chip rally may be slowing. Technical indicators support this view: the RSI at 39.3 is approaching oversold territory but remains weak, the MACD is giving a sell signal, and the price is below both the 20-day and 50-day moving averages. The 3.5% decline in the last 24 hours shows continued selling pressure. In the short term, the downtrend is likely to persist, though a brief recovery could occur if the RSI enters oversold territory.

RSI 14
39.3
MACD
-7.45
24h Δ
-3.52%

📊 AVGO — Piyasa Yorumu

▼ down · 65%

The news headline suggests a negative outlook for AVGO, indicating that the artificial intelligence chip rally may be losing momentum. Technical indicators support this view: the RSI at 34.9 is near oversold territory but has yet to signal a recovery, while the MACD is below zero and trading under its signal line. The price is trading below both the 20-day (369.13) and 50-day (373.35) moving averages, having declined 3.7% in the last 24 hours. In the short term, selling pressure is likely to persist, though given the oversold conditions, a weak trend rather than a sharp drop may be expected.

RSI 14
34.9
MACD
-4.15
24h Δ
-3.71%
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