Nvidia and OpenAI Scale Down Numbers in Mega Deal

The reduction in figures for the major deal between Nvidia and OpenAI can be perceived as a positive development in the short term, as it signals that the parties are nearing an agreement. Technical indicators support this view: the price has risen 4% in 24 hours, the RSI at 58 is not in overbought territory, and the MACD is above its signal line. Additionally, the price is trading above the 20-day and 50-day moving averages, indicating strong short-term momentum. However, it is prudent to remain cautious until the details of the news are clarified and the price breaks above the $225 resistance level. Therefore, the direction is upward, but the confidence level is moderate.

News of a deal between Nvidia and OpenAI could positively impact technology stocks and may also increase risk appetite in banking stocks such as GARAN. Technical indicators show RSI at 60 and MACD above the signal line, indicating short-term positive momentum. The price is trading above SMA20 and SMA50, supporting an upward trend. However, since the news is not directly related to the banking sector, the impact may be limited, and the strength of the rally is expected to be moderate. In the short term, a move toward the 131-133 range appears possible.

Although the headline does not directly impact Microsoft, the agreement between Nvidia and OpenAI could affect competition in the cloud and artificial intelligence sectors. Technical indicators are mixed: RSI at 47 is in neutral territory, while MACD sits just below zero and near its signal line, indicating weak momentum. The price is just above the SMA20 but below the SMA50, suggesting short-term directional uncertainty. The 1.3% decline over the last 24 hours points to mild selling pressure, yet buyers are not showing strong conviction. Therefore, I expect a sideways movement over the 1-3 day horizon.