Jensen Huang: The AGI Era Has Begun, Powered by 100,000+ Nvidia Grace Blackwell GPUs

The news highlights Nvidia's leadership in the AGI era and robust GPU demand, serving as a positive catalyst for the stock. Technical indicators also support this view: the price is above the 20- and 50-day moving averages, and the RSI at 60 indicates strength without being overbought. Although the MACD line sits just below the signal line, its positive territory suggests continued momentum. The 5.9% rise in the last 24 hours indicates that the upward movement may persist in the short term, driven by the news. However, it is prudent to avoid excessive optimism and consider potential profit-taking.

The news that Nvidia's CEO has declared the beginning of the AGI era, powered by over 100,000 Grace Blackwell GPUs, could indirectly support AMD's stock as a positive signal for AI and GPU demand. Technically, although the RSI at 68.7 approaches overbought territory, the MACD being positive and above its signal line indicates strong short-term momentum. With the price above the SMA20 and SMA50 and a 4.9% increase in the last 24 hours, the uptrend may continue. However, since the news is not directly related to AMD and the RSI is at elevated levels, excessive optimism should be avoided, and caution is advised against potential profit-taking. In the short term, upward movement is expected to persist, but there is also a risk of encountering strong resistance.

Although the news headline highlights Nvidia's AGI era and GPU power, it is not a direct catalyst for AVGO stock, as the report focuses primarily on Nvidia. Technical indicators are weak: the price is below both the 20-day and 50-day moving averages, and the MACD is in negative territory and below the signal line. The RSI at 46 is in neutral territory, but a 2.86% decline over the last 24 hours points to short-term selling pressure. While the news may boost overall optimism in the sector, AVGO's own momentum is weak, making a continued downtrend in the short term more likely. Therefore, the direction is downward with moderate confidence.