OpenAI Raises AI Infrastructure Spending to $750 Billion

OpenAI's increase in AI infrastructure spending to $750 billion can be interpreted as a strong demand signal for NVDA. On the technical indicators, the RSI is at 54, in neutral territory, while the MACD has just crossed above the signal line, indicating short-term bullish momentum. The price is above the 20-day moving average but trading near the 50-day average, suggesting proximity to a resistance level. A short-term upward move may be expected on the back of this news, but surpassing the 50-day average is crucial for the sustainability of the rally.

AMD closed with a strong 10.5% gain, while its RSI at 66 remains below overbought territory. The MACD line is above the signal line and in positive territory, indicating continued bullish momentum. OpenAI's increase in AI infrastructure spending to $750 billion signals positive demand for semiconductor companies like AMD. The price is trading above both the 20-day and 50-day moving averages, supporting a short-term upward trend. However, due to the rapid rise in the last 24 hours, a short-term correction risk should not be overlooked.

GOOGL stock may follow a sideways trajectory in the short term. Technical indicators point to weakness: the RSI at 41.5 is near the sell zone, the MACD is negative but approaching its signal line, and the price is below the 20-day moving average. News of increased AI infrastructure spending, while positive for GOOGL in the long run, may not trigger a clear directional change in the near term. Markets typically react cautiously to such large spending announcements, and given the current technical weakness, any upside move could be limited. Therefore, further price confirmation is needed before establishing a clear direction.

The news could positively impact Microsoft's partnership with OpenAI and its artificial intelligence investments, but the recent decline in the stock price and weak technical indicators suggest caution in the short term. With the RSI approaching oversold territory at 38, the MACD below the signal line, and the price trading below both the SMA20 and SMA50, the positive effect of the news may be limited. This could lead to further consolidation or a slight downward trend in the price. More price action and volume data should be awaited to determine a clear short-term direction.