Nvidia halves Asia buyer list amid China chip restrictions

The news indicates that Nvidia has halved its Asian buyer list due to China chip restrictions, suggesting the company may face revenue loss. Technically, the price is below the 20-day moving average (206.07) and the RSI is in weak territory at 46.85. The MACD remains below the signal line, indicating negative short-term momentum. However, as the price is above the 50-day moving average (200.63), the decline may be limited. Selling pressure is expected to persist in the short term.

The news that Nvidia has halved its Asian buyer list due to China chip restrictions could heighten supply chain concerns in the technology sector. Although GOOGL shares fell 1.7% in the last close and the RSI at 36.4 is approaching oversold territory, the MACD remains negative below the signal line. The short-term outlook may remain weak under the impact of this negative news, but the low RSI level also signals a potential buying opportunity. Trading below the SMA20 and SMA50 technically indicates continued selling pressure.

The news could increase geopolitical risks in the chip sector, negatively impacting competitors such as AMD. Technically, the price is trading just below the 50-day moving average (535.76), with the RSI at 44.5 in weak territory. The MACD remains below the signal line, indicating negative short-term momentum. Despite a 4.3% rise in the last 24 hours, the bearish bias prevails due to uncertainty from the news and technical resistance. Investors are advised to remain cautious, as a break below the 530 support level could accelerate selling.

The news that Nvidia has halved its Asian buyer list due to China chip restrictions could heighten concerns over demand contraction in the semiconductor sector. Although TSM shares have fallen 3.5% in the last 24 hours and the RSI at 30.5 is approaching oversold territory, the MACD line remains below the signal line in negative territory, and the price is trading below both its 20-day and 50-day moving averages. This technical weakness, combined with the negative impact of the news, suggests that downward pressure may persist in the short term. However, the oversold zone and low price levels could also indicate potential buying on dips, so while the bearish outlook is strong, it is not definitive.