Jensen Huang: Memory Is the Biggest Bottleneck in AI

The news headline points to a memory bottleneck in the AI sector, which could heighten concerns about NVDA's growth potential. Technical indicators also confirm weakness: the price is below both the 20-day and 50-day moving averages, the RSI is at 38.7 in the sell zone, and the MACD is negative below the signal line. The 4.3% decline in the last 24 hours suggests short-term pressure may continue. However, since the stock is not yet in oversold territory, the decline could slow down.

MU shares have fallen 13.6% in the last 24 hours to 848.95. While the RSI at 37.9 approaches oversold territory, MACD values remain negative and below the signal line. Trading below the 20-day SMA (875.19) and 50-day SMA (935.15) weakens the short-term outlook. Jensen Huang's comments on memory bottlenecks could amplify demand concerns for MU's core memory chips. Therefore, the downtrend is likely to persist in the near term.

WDC shares have fallen 15.3% in the last 24 hours to 476.97, with technical indicators weakening. The RSI is approaching the oversold zone at 40, while the MACD remains negative and below the signal line. The price is trading below the 20-day SMA (483.22) and 50-day SMA (534.26), indicating a short-term downtrend. Jensen Huang's comments on memory bottlenecks could be perceived as a negative signal for memory manufacturers like WDC, potentially amplifying the current selling pressure. However, as the stock has not yet entered oversold territory, further decline is likely.