Large TSMC Deal: A Big Step for the U.S. in the High-Tech Race

The headline points to a positive development regarding TSMC's high-tech investments in the US. However, technical indicators show the stock has fallen 5.97% in the last 24 hours, with the RSI approaching oversold territory at 33.5. The MACD line is below the signal line and in negative territory, suggesting that short-term bearish momentum persists but may be weakening. The price trading below SMA20 and SMA50 presents a technically weak outlook. The positive impact of the news could offset the weakness in technical indicators, potentially creating limited recovery potential in the short term.

NVIDIA (NVDA) shares fell 4.3% in the last 24 hours, closing at $202.64. While the RSI at 38.7 approaches oversold territory, the MACD line remains below the signal line and in negative territory. The stock is trading below both its 20-day ($206.92) and 50-day ($206.90) moving averages, indicating short-term weakness. Although the TSMC deal is positive for the sector, NVDA's current technical structure and recent decline suggest selling pressure may persist in the near term. Therefore, the short-term outlook is considered bearish.

AMD shares fell 10.5% in the last 24 hours to 495.5. Although the RSI at 38.5 approaches oversold territory, the MACD remains negative and below the signal line. Trading below the 20- and 50-day moving averages weakens the technical outlook. While the TSMC deal is positive for the sector, AMD's short-term momentum is negative and the downtrend may continue. Investors should monitor the 490-500 support zone.

INTC shares have lost more than 12% in the last 24 hours, falling to $95.04. Although the RSI at 35.5 approaches oversold territory, the MACD indicator remains negative and below its signal line. Trading below both the 20-day simple moving average (98.03) and the 50-day simple moving average (104.09) suggests that short-term weakness may persist. TSMC's major deal in the US may have triggered selling pressure by raising concerns about Intel's competitiveness. Therefore, the downtrend is expected to continue over the next 1-3 days.