AMD Enters Rack-Scale AI Market

AMD's entry into the rack-scale AI market expands the company's data center and AI growth story; such news is generally perceived as positive in the medium term. However, the price is already just below the 20-day moving average and below the MACD signal line, indicating weak short-term momentum. The RSI is at 57, in neutral territory, with no overbought conditions. The news alone may not be sufficient for a strong breakout in 1-3 days; unless the 513-515 resistance is surpassed, the upside may remain limited. Nevertheless, since the news flow is supportive, I expect a slight upward bias.

AMD's entry into the rack-scale AI market is raising competition concerns for NVDA's monopoly position in data center AI accelerators. NVDA is already down 3.4% in 24 hours at $219.16, with RSI at 39 indicating weak momentum; MACD is in negative territory and the price is below the 20/50-day moving averages. The news could deepen selling pressure in the short term, but the impact may be limited as AMD's product is still in its early stages and NVDA's software ecosystem remains strong. In the 1-3 day outlook, downside risk is more dominant; support around $215 and resistance at $225 should be monitored.