Amazon Gives Qualcomm a Role in AWS AI Infrastructure

The news that Amazon has given Qualcomm a role in AWS's AI infrastructure, while signaling a positive long-term collaboration, is not expected to have a significant impact on the price in the short term. Technical indicators are mixed: RSI at 48 is in neutral territory, MACD is negative but close to the signal line, and the price is slightly below the SMA20 and SMA50. The 0.78% increase over the last 24 hours indicates limited recovery. Therefore, there is not enough momentum to determine a direction based on the news, and the market is likely to remain rangebound.

Qualcomm's involvement in Amazon AWS's AI infrastructure is a positive development that reinforces the company's growth potential in data center and AI chips. Technical indicators also support this optimism; the stock has risen 6% in the last 24 hours, with an RSI of 68 indicating strong momentum. The MACD is above its signal line and positive, suggesting that short-term buying pressure may continue. However, as the RSI approaches 70, the risk of entering overbought territory increases, which could slow the pace of the rally. While the upward movement is expected to persist in the short term, caution is advised against profit-taking.

The news, as a positive development for technology and artificial intelligence infrastructure, could increase overall risk appetite in the crypto market. JST's 6.1% rise in the last 24 hours and its RSI at 61.6, which is strong but not in overbought territory, support short-term momentum. The MACD is still negative but approaching the signal line, indicating potential for an upward crossover. The price is above the SMA20 and near the SMA50, suggesting it may encounter resistance. However, since the news is not directly related to JST, the impact may be limited, so I expect a cautious uptrend.