NVIDIA CEO Huang: 'ChatGPT Moment' Has Already Arrived for $50 Trillion Trend

Although the headline presents a positive long-term vision, technical indicators point to short-term weakness. The price is trading below both the 20-day and 50-day moving averages, and the RSI at 39 is approaching oversold territory. The MACD line is below the signal line and in negative territory, confirming downward momentum. The 5% decline over the past 24 hours may overshadow the positive impact of the news, and selling pressure is likely to persist in the near term.

Although the news headline signals a major trend in the artificial intelligence sector, AVGO stocks have experienced a 3.6% decline in the last 24 hours, and technical indicators point to weakness. The RSI is at 47, in the neutral zone, while the MACD is below the signal line and negative, indicating unfavorable short-term momentum. Since the price closed below the 20 and 50-day moving averages, it may encounter resistance. Despite the positive news, the weakness in the technical structure and the downward trend make it difficult to determine a clear direction in the short term. Therefore, it is expected that the market will remain horizontal for a while or experience a slight recovery.

AMD shares have fallen 16.6% in the last 24 hours to $460.66. While the RSI at 32.2 approaches oversold territory, the MACD and signal line remain negative, indicating ongoing downward momentum. Trading below the 20- and 50-day moving averages presents a technically weak outlook. Although NVIDIA's CEO made positive comments about the AI trend, bringing some optimism to the sector, the intense selling pressure specific to AMD may hinder a short-term recovery. Therefore, the likelihood of continued downward movement in the next 1-3 days is high.

ARM shares have fallen 12.5% in the last 24 hours, with the RSI approaching oversold territory at 32.4. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day ($263.4) and 50-day ($273.3) moving averages. Although the news headline presents a positive outlook on the AI trend, this may not serve as a direct catalyst for ARM, and the weakness in technical indicators prevails. In the short term, the downtrend is likely to continue, though some recovery may occur due to the oversold condition.