OpenAI Introduces AI Use in Chip Design, Emphasizing Cost Advantage

GOOGL shares have fallen 3.8% over the past 24 hours, with the RSI approaching oversold territory at 32. The MACD is in negative territory and below the signal line, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, which paints a negative technical outlook. News of OpenAI's use of artificial intelligence in chip design may heighten concerns about Alphabet's competitive advantage in AI, adding further pressure on the stock. However, the low RSI also suggests the possibility of a short-term bounce, so my bearish expectation is limited with moderate confidence.

The news that OpenAI is introducing the use of artificial intelligence in chip design and emphasizing cost advantages could pose a potential threat to chip manufacturers such as NVDA. Technical indicators also show a weak outlook, with RSI at 42.7 in the lower-neutral zone, MACD below the signal line, and the price below the SMA20. The 1.6% decline on the last close suggests that short-term selling pressure may continue. However, as the price is trading near the SMA50, there is a possibility of finding support at this level. Therefore, the downside movement is expected to remain limited.

The news indicates that OpenAI's expansion of AI use in chip design could be a positive demand signal for AMD. Technical indicators show strong upward momentum; RSI is in overbought territory (80.5) and MACD is positive, suggesting that upward pressure may continue in the short term. However, the sharp 14.6% rise in the last 24 hours has increased the risk of overheating, so caution is advised for new purchases. The price above SMA20 and SMA50 confirms a strong trend, but profit-taking may occur in the short term. Therefore, while the direction is upward, the confidence level is kept moderate.

The news that OpenAI is introducing AI in chip design and highlighting cost advantages could add a positive tone to the semiconductor sector. TSM's 5.5% rise over the last 24 hours, with an RSI at 61, indicates strong short-term momentum. The MACD remains above the signal line, supporting the upward trend. However, although the price is above the SMA20 and SMA50, it has not yet approached overbought territory, leaving some room for further upside. Still, the direct impact of the news on TSM may be limited, so cautious optimism is appropriate.