China Nears 3 Trillion Parameter Threshold in AI Race

The news indicates that China has reached a significant milestone in the large-scale model race within the field of artificial intelligence. While this could signal a potential increase in demand for companies producing AI chips such as NVDA, China's development of its own technology may reduce reliance on US suppliers. On the technical indicators, the RSI is at 48.9, in neutral territory, the MACD is below the signal line, and the price is below the 20-day moving average, suggesting no clear short-term direction. Despite a 1.89% increase at the last close, the market's reaction to the news may remain limited, and the price is expected to fluctuate within the current range.

AMD shares fell 6.5% in the last 24 hours to $500.93. The RSI is approaching oversold territory at 34.36, while the MACD remains negative below the signal line. Trading below the 20- and 50-day moving averages confirms short-term weakness. China's major push in artificial intelligence may heighten concerns about AMD's competitiveness in this market. The deterioration in technical indicators and uncertainty from the news suggest selling pressure could persist in the coming days.

TSM dropped 2.95% in the last 24 hours to $410.24, with its RSI at 37.25 approaching oversold territory. The MACD line remains below the signal line and in negative territory, indicating continued short-term bearish momentum. The stock is trading below its 20-day ($416.22) and 50-day ($426.96) moving averages, weakening the technical outlook. China's push toward a 3 trillion parameter limit in the AI race could intensify sector competition and pressure chipmakers like TSM. However, the RSI nearing oversold levels also raises the possibility of a short-term rebound.

AVGO shares have declined 2.9% in the last 24 hours to $374.46. The RSI at 30.8 is approaching oversold territory, while the MACD remains below the signal line and in negative territory. Trading below the 20- and 50-day moving averages indicates short-term weakness. China's push toward a 3 trillion parameter limit in the AI race could intensify sector competition, putting pressure on semiconductor companies like Broadcom. However, the oversold zone and low price levels also suggest a potential short-term recovery.