OpenAI to Spend $750 Billion by 2030

News that OpenAI plans to spend $750 billion by 2030 signals major investments in AI infrastructure. This could be a positive long-term demand indicator for AI chip makers such as NVDA. However, in the short term, the stock is showing a technically weak outlook: RSI is neutral at 42, MACD is below the signal line, and the price is below the SMA20. The news does not appear sufficient to immediately reverse the current selling pressure. Therefore, short-term direction uncertainty may persist.

The news that OpenAI's massive spending plan has increased expectations of strong demand for AMD's AI chips could have a positive impact on the stock. However, the RSI being above 80 indicates overbought conditions, posing a risk of a short-term correction. The MACD being positive and above the signal line suggests that upward momentum continues. The sharp 14.5% rise in the last 24 hours suggests that the news has been partially priced in. Therefore, although the direction is upward, the confidence level is kept moderate due to overbought conditions.

The news is intensifying concerns that OpenAI's massive spending plan could place an additional financial burden on Microsoft. Technical indicators are also weak: the price is below both the 20-day and 50-day moving averages, and the MACD is issuing a sell signal. With an RSI of 41, the stock is not in oversold territory, suggesting that the decline could continue. The 3.8% drop over the last 24 hours confirms strong selling pressure. In the short term, negative pressure on the stock may persist, but consolidation rather than a sharp decline can be expected.

OpenAI's massive spending plan could increase pressure on Alphabet to ramp up its artificial intelligence investments, potentially highlighting margin concerns in the near term. Technical indicators are already weak: the price is below both the 20-day and 50-day moving averages, and the RSI at 34.75 is near oversold territory. The MACD is negative and below the signal line, confirming downward momentum. A 3.6% decline over the last 24 hours suggests selling pressure may persist. However, since the news does not directly target Alphabet, the impact may be limited; therefore, confidence is moderate.