AMD Shares Surpass $1 Trillion Market Cap for the First Time

AMD's surpassing of a $1 trillion market cap signals strong momentum and investor appetite. However, the price has risen 16% in 24 hours, the RSI is at 82, in overbought territory, and the MACD is positive. Although the news is perceived positively in the short term, profit-taking may occur due to overbought conditions. The direction over the next 1-3 days may be upward, but volatility is high. Caution is advised, and there is a risk of a pullback.

Although there is no direct news for NVDA, AMD surpassing a $1 trillion market capitalization indicates strong appetite for the AI chip sector. This could also create positive sector momentum for NVDA. However, NVDA's RSI14 value is at 79, in overbought territory, and it has risen 5.1% in the last 24 hours; this increases the risk of profit-taking in the short term. Technical indicators show that MACD is above its signal line and the price is trading above the SMA20/50, confirming that the trend is still upward. The impact of the news may be limited; the key determinant is whether there is a catalyst specific to NVDA. Therefore, a neutral outlook stands out in the short term.