Applied Materials Shares Rise on CEO's Long‑Term Chip Investment Outlook

The CEO's long-term chip investment expectations are creating short-term positive momentum for AMAT shares. A 24-hour gain of 3% and the MACD being above the signal line support short-term buying pressure. The RSI is around 59, not in overbought territory, indicating that the uptrend may be sustainable. However, the price remains below the 50-day moving average, so a limited upside can be expected within a 1-3 day period. Overall, a slight upward movement appears possible in the short term.

ASML shares rose 3.3% in the last 24 hours, closing above their 20-day moving average. The RSI stands at 57, indicating a neutral zone with no overbought signal. The MACD remains negative but is approaching the signal line, potentially preparing for a bullish crossover. The news headline reflects positive sector expectations, providing indirect support for chip equipment manufacturers like ASML. However, the 50-day moving average (1831) remains a nearby resistance level, posing a risk of limited upside.