Perplexity Plans to Use Nvidia's New CPU

The news signals enterprise demand for Nvidia's CPU, which is positive in the medium to long term but may have a limited impact on price in the short term. Technical indicators are in neutral territory; RSI at 52.7 indicates neither overbought nor oversold conditions, while MACD is above zero but close to the signal line, suggesting weak momentum. The price is trading just above SMA20 and SMA50, indicating a slight support zone. Despite a 0.6% decline in the last 24 hours, the positive sentiment from the news and the presence of technical supports offer limited upside potential in the short term. However, caution is warranted due to the lack of overall market conditions and volume data.

GOOGL shares closed up 2.1% at $367.04, trading above its 20-day SMA of $363.92. The RSI stands at 59.36, in neutral territory with no overbought signal. The MACD line, while just below the signal line, remains in positive territory. Although the news headline does not directly impact GOOGL, positive developments in the AI and technology sectors could provide indirect support for major tech stocks like Alphabet. The short-term uptrend is expected to continue, but a bullish MACD crossover above the signal line is needed to strengthen momentum.