Nvidia Asks Data Center Customers to Reduce Exposure to China

The news points to geopolitical risk and demand uncertainty driven by Nvidia's request to reduce its China exposure, which is a negative catalyst in the short term. The price is trading at 202.20, below the SMA20 (207.50) and SMA50 (212.26), with a 6.8% decline over 24 hours, and the MACD is in negative territory below its signal line. RSI14 at 32.8 is close to the oversold threshold, indicating that part of the decline may already be priced in and highlighting the risk of rebound buying. Nevertheless, the trend and the news together support the downside; weakness or a choppy downward bias is expected over the next 1-3 days. Confidence is moderate, as oversold conditions may limit a sharp selloff.

GOOGL has already fallen sharply by 13.8% in 24 hours, approaching the RSI 30 threshold, and MACD is trending below its signal line in negative territory; short-term momentum is weak. Nvidia's request for its data center customers to reduce China exposure creates uncertainty about AI infrastructure spending and the supply chain outlook; such news can suppress risk appetite in large technology stocks. However, the news does not directly target GOOGL, so the sector impact is indirect. Proximity to oversold territory increases the likelihood of short-term rebound buying, so confidence in the downside should be kept moderate. In the 1-3 day outlook, downward pressure may continue, but volatility is expected after the sharp selling.