Apple Pursues Deals with AI Chip Companies

The news supports Apple's growth potential in the field of artificial intelligence, which could positively reflect on the stock. Technical indicators point to a strong uptrend: although the RSI is approaching overbought territory at 71, the MACD is above the signal line and trending positive. The price is trading above the 20- and 50-day moving averages and has gained 4.3% in the last 24 hours. The upward momentum may continue in the short term, but the RSI nearing overbought levels also brings a risk of a potential pullback. Therefore, the bullish expectation is supported with moderate confidence.

GOOGL shares posted a strong 5% gain in the last session, pushing the RSI to 72, which indicates overbought conditions. A news headline mentions Apple's search for agreements with AI chip companies, but it does not contain any details directly affecting Google. Although the MACD has given a buy signal, the elevated RSI level increases the likelihood of a short-term correction or consolidation. Therefore, the short-term direction remains uncertain, and a neutral stance appears more appropriate.

The news indicates that Apple is seeking agreements with artificial intelligence chip companies. While this could signal a potential demand increase for AI chip makers like NVDA, the impact may remain limited as no concrete deal has been reached yet. On the technical side, the RSI stands at 52.7, in neutral territory, while the MACD remains below the signal line, indicating weakening momentum. The price is trading very close to the 20-day moving average (208.19), increasing short-term direction uncertainty. The 0.19% decline over the past 24 hours suggests the market is approaching the news cautiously. Therefore, no clear short-term direction is expected.

AMD shares fell 5.8% in the last 24 hours, closing at $520.20. While the RSI at 38.4 approaches oversold territory, the MACD remains below the signal line in negative territory. The price is trading below both the 20-day ($542.95) and 50-day ($537.98) moving averages. Apple's search for deals with AI chip companies could create uncertainty about AMD's competitiveness in this space. Technical indicators may remain weak in the near term.