Trump and Xi Meet Amid Technology and Trade Tensions

NVDA is trading with strong momentum: last close 222.09, up 4.71% in 24 hours, RSI at 68.6 near overbought territory, and MACD above the signal line. The Trump-Xi meeting carries two-way risk in the context of technology and trade tensions; a positive tone could bring easing of export restrictions and boost upward momentum, while a harsh tone could trigger selling in the chip sector. However, the news headline alone does not provide a clear direction, and the market has already priced in strength. Therefore, a neutral stance is more cautious in the short term; as long as it stays above the 218 SMA20, the upward bias remains, but the risk of profit-taking should not be ignored.

AMD stock has risen 10.95% in the last 24 hours, reaching 559.80, with an RSI of 71.9 placing it in overbought territory. The MACD is positive and above the signal line, indicating strong short-term momentum. The Trump-Xi meeting is creating uncertainty in the context of technology and trade tensions; a positive outcome could boost risk appetite, while a negative tone could bring selling pressure. Given overbought conditions, the news impact may be limited, and volatility could increase before the direction becomes clear. Therefore, I foresee a neutral outlook in the short term.

TSM stock rose 4.86% in the last 24 hours to reach 434.54, with its RSI at 68.19, approaching overbought territory. The MACD is positive and above the signal line, indicating strong short-term momentum. However, the Trump-Xi meeting creates uncertainty amid technology and trade tensions; a positive statement could support further gains, while a harsh tone might trigger a correction. Therefore, the direction forecast is neutral with low confidence.

BABA stock rose 2.7% in the last 24 hours to reach 113.26, with RSI14 at 69.5 approaching overbought territory. MACD is positive and above the signal line, indicating strong short-term momentum. However, the Trump-Xi meeting creates uncertainty in the context of technology and trade tensions; a positive statement could support the rally, while a harsh tone could trigger a correction. Since the price is above SMA20 and SMA50, the technical outlook remains intact, but news flow is insufficient to clarify direction. Therefore, a neutral stance is appropriate in the short term, with volatility potentially increasing on sudden news.