Apple May Return to Servers with Its Own AI Chips, Nvidia Could Still Win

Nvidia (NVDA) is currently in a robust upward trend, closing at $227.25 and up 5.4% over the past 24 hours. The relative strength index (RSI) sits at 78.6, placing the stock in the overbought region. Technical indicators confirm momentum: the MACD is positive and above its signal line, while the stock trades above both the 20‑day and 50‑day simple moving averages (SMA20 and SMA50). The news highlights Apple’s potential shift to its own AI chips, suggesting that Nvidia could still benefit from the broader AI market. This narrative may provide some support for Nvidia’s valuation. However, the overbought status raises the risk of short‑term profit‑taking. Consequently, a 1‑ to 3‑day outlook is moderately positive, but investors should anticipate heightened volatility. Key takeaways: - NVDA last closed at $227.25, up 5.4% in 24 hours. - RSI 78.6 indicates overbought conditions. - MACD positive and above signal; above SMA20 and SMA50. - Apple’s AI chip strategy could indirectly support Nvidia. - Short‑term profit‑taking risk remains; expect higher volatility in the near term.

The news highlights Apple's potential to develop its own AI chips, which could be perceived positively in the long term for cost advantage and vertical integration. However, the headline also suggests that Nvidia could benefit, creating uncertainty and not offering a clear short-term catalyst. Technical indicators are positive: the price is above the 20-day and 50-day SMAs, the RSI at 64 is approaching overbought territory, and the MACD is above the signal line. This outlook supports a short-term upward trend, but the RSI level indicates limited upside potential. The impact of the news may be limited; nevertheless, with the current technical momentum and positive news tone combined, a slight upward movement in the 1-3 day horizon appears possible.