Elon Musk, Jensen Huang, and Tim Cook to Meet with Xi at Dinner This Week

The news reports that Tesla CEO Elon Musk will meet Chinese President Xi Jinping at dinner. Such high-level meetings can be perceived as a positive signal for Tesla operating in the Chinese market and may lead to buying in the stock in the short term. Technical indicators also support the upward trend: the price is above the SMA20 and SMA50, MACD is above the signal line, and RSI at 65 is close to the overbought zone but not yet there. However, since the news does not contain a concrete agreement or policy change, the impact may be limited. Nevertheless, with the positive atmosphere and continued momentum, an upward movement in the 1-3 day timeframe is more likely.

NVDA stock rose 5.5% in 24 hours to reach 227.36, with an RSI of 79 indicating overbought conditions. The news suggests that a dinner meeting between Elon Musk, Jensen Huang, and Tim Cook with Xi could be perceived as a positive step in US-China tech relations. Such diplomatic engagements may raise expectations for easing, particularly regarding chip export restrictions, and could serve as a short-term positive catalyst for NVDA. However, the stock is already in a strong uptrend and is giving an overbought signal; therefore, upside movement may be limited. Nevertheless, due to the news impact, a slight upward trend can be expected within 1-3 days.

The news is a mildly positive catalyst for AAPL, with expectations that a meeting between U.S. tech leaders and Chinese President Xi could ease trade tensions. Technical indicators are already positive: the price is above the 20-day and 50-day SMAs, MACD is above the signal line, and RSI at 65 is approaching overbought territory. However, the elevated RSI increases the risk of limited upside potential or profit-taking in the short term. Given that the news does not include a concrete agreement, the impact may be limited. In the 1-3 day outlook, I expect a moderate upward trend, but additional confirmation is needed for a strong rally.