AMD Exceeds Quarterly Revenue Forecast with Record Data Center Revenue

AMD's record-breaking data center revenue that surpassed quarterly estimates is a fundamentally positive surprise. However, the price has fallen sharply by over 14% in the last 24 hours and RSI is weak at 36; MACD is in negative territory and the price is below SMA20 and SMA50. Therefore, the news may generate a relief rally in the short term, but the trend has not yet reversed. I expect a moderate upward reaction over 1-3 days, with a medium confidence level.

The news is not directly about GOOGL but focuses on AMD; however, its indication of strong data center demand may slightly support sector sentiment. GOOGL's technical picture is weak: the price is below the SMA20 and SMA50, RSI at 36 places it in seller territory, and MACD is negative. Therefore, the news's short-term impact may be limited and indirect. For 1-3 days, the bias is neutral, with SMA20 resistance around 280 and sustained trading above the 279.9 close to be monitored. I avoid overly positive commentary; momentum has not yet reversed.

AMD's record data center revenue signals strong AI chip demand, offering an indirectly mildly positive read for NVDA. However, since this news does not directly pertain to NVDA, its impact may be limited. NVDA's technical picture is mixed: the price is just above the SMA20 but below the SMA50, the RSI at 45 is in neutral territory, and the MACD is above the signal line in negative territory. The 24-hour decline of 2.9% indicates weak short-term momentum. Therefore, the news alone is not sufficient to determine direction; the 1-3 day outlook is neutral-weighted.