Nvidia to Ship AI Chips to China by Year-End
📊 NVDA — Piyasa Yorumu
▲ up · 60%The news indicates that Nvidia will ship AI chips to China by the end of the year, which serves as a positive catalyst by reducing geopolitical risks and potentially boosting sales revenue. Technical indicators point to an oversold condition in the short term (RSI 32.8), increasing the likelihood of a rebound. However, the price remains below the SMA20 and SMA50, and the MACD is in negative territory, suggesting the downtrend may persist. A rally at tomorrow's open is possible on the back of this news, but for the move to be sustainable, the price needs to break above the 218-220 resistance zone. The short-term outlook is cautiously optimistic; investors should monitor the details of the news and market reaction.
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The news indicates that Nvidia will ship AI chips to China. While this is not a direct catalyst for GOOGL, it could influence competitive and supply dynamics within the sector. Technical indicators for GOOGL remain weak: RSI is near oversold territory at 38.6, MACD is below the signal line, and the price is trading below both the 20-day and 50-day SMAs. A 0.88% decline over the last 24 hours points to negative short-term momentum. Therefore, in a 1-3 day perspective, downward movement is likely to continue, though oversold conditions could trigger a technical rebound.