AI Spending Boosts US Core Capital Goods Orders and Shipments

The news headline indicates that the increase in artificial intelligence spending has positively impacted US core capital goods orders and shipments. Although GOOGL shares fell 5.45% in the last close, the RSI at 48 is in neutral territory and the MACD is above the signal line, suggesting potential for a short-term recovery. The price is above the 20-day SMA but below the 50-day SMA, presenting a mixed outlook. The rise in AI spending could support Google's key business segments, such as cloud and AI investments, which may serve as a positive catalyst for the stock. However, the impact of this news following the decline may be limited, so the upside expectation is assessed with moderate confidence.

The news indicates that artificial intelligence investments are stimulating overall economic activity, which is positive for AI-focused companies like NVDA in the long term. However, technical indicators paint a weak picture in the short term, with the RSI approaching oversold territory at 32, while the MACD remains below the signal line and negative. The price is trading below both the 20-day and 50-day moving averages and has lost over 4% in the last 24 hours. Therefore, the positive news may not immediately reverse the technical pressure, and the market may take time to find direction in the short term.

AMD shares have experienced a sharp decline of nearly 12% in the last 24 hours, falling to $484. While the RSI has entered oversold territory at 28, MACD values remain negative and below the signal line. The stock is trading well below both its 20-day ($530) and 50-day ($522) moving averages. Although news headlines point to rising AI spending, which is generally positive for the sector, it may not be enough to immediately reverse AMD's current technical weakness. The risk of a continued short-term downtrend remains high.

The news indicates that artificial intelligence investments are positively impacting overall economic data, but this does not serve as a direct catalyst for AVGO. On the technical side, the RSI at 44.6 is in neutral territory, while the MACD is below the signal line and negative, pointing to short-term weakness. The price is trading below the 20-day moving average (387.66) and near the 50-day average (383.51), reflecting a search for balance. The 1% decline over the past 24 hours confirms weak momentum. Therefore, despite the positive news, the technical picture does not provide a clear direction, and a sideways trend can be expected in the short term.