AMD Reaches $1 Trillion Valuation Amid AI Boom

AMD's achievement of a $1 trillion valuation confirms that AI demand is a strong growth story for the company. However, the price has risen over 21% in the last 24 hours and the RSI is at 85, in overbought territory; this increases the risk of profit-taking in the short term. The MACD is positive and above the signal line, and the trend is still upward. Although the news is positive, after such a rapid rise, the possibility of volatility or a limited correction in the 1-3 day view should not be ignored. Nevertheless, given the strong momentum and news flow, the direction is considered upward.

AMD's achievement of a $1 trillion valuation indicates that AI chip demand remains strong across the sector, which is a positive read for NVDA. NVDA has already risen 5.9% in 24 hours and its RSI is at 74.7, in overbought territory, increasing the risk of some near-term profit-taking. The MACD is above its signal line and the price is above the SMA20/SMA50, indicating a positive trend. Since the news is directly about AMD, not NVDA, the impact may be indirect and limited; nevertheless, sector momentum is upward. For the next 1-3 days, a slight upward bias is expected, but caution is advised due to overbought conditions.