Nvidia Transforms into an AI Infrastructure Platform

The news headline highlights Nvidia's transformation into an AI infrastructure platform, which could positively reflect on the company's long-term growth potential. In technical indicators, the latest close showed a 5.9% increase, with the RSI at 60, not in overbought territory, and the MACD remaining just below the signal line but in positive territory. The price is trading above the SMA20 and SMA50, supporting an upward short-term trend. However, the MACD being below the signal and the RSI approaching 60 suggest that momentum may slow somewhat. Therefore, while there is a possibility of continued upward movement in the short term, excessive optimism should be avoided.

Nvidia's pivot toward artificial intelligence infrastructure could increase overall risk appetite in the crypto market, but its direct impact on JST is limited. Technical indicators remain weak: the price is below the SMA20 and SMA50, MACD is in negative territory, and RSI at 44 points to selling pressure. The 3.5% decline over the last 24 hours indicates negative short-term momentum. Therefore, even if the news has a positive effect, the technical outlook is likely to dominate, suggesting a downward move in the near term.

AMD's stock has risen 4.9% in the last 24 hours, with the RSI at 68.7, indicating strong momentum. The MACD is above the signal line and positive, suggesting that short-term buying pressure may continue. Nvidia's focus on AI infrastructure could create a positive sentiment across the sector, indirectly benefiting AMD as well. However, with the RSI approaching overbought territory and the price above the SMA20 and SMA50, there is a risk of some short-term consolidation. Overall, the uptrend remains intact, but caution is advised.

AVGO fell 2.86% in the last session and is trading below both its 20-day and 50-day moving averages. The RSI at 46 indicates weak momentum, while the MACD, although above its signal line, remains in negative territory. News of Nvidia's pivot to an AI infrastructure platform may not have a direct negative impact on AVGO, but it could intensify competitive pressures in the sector. Given the weak short-term technical outlook, the price may test the 355-350 support zone. However, the impact of the news could be limited, so excessive bearish expectations should be avoided.