AMD Shares Rise: AI Revenue Inspires Confidence

AMD shares have experienced a sharp decline of over 14% in the last 24 hours, with the RSI at 36 approaching oversold territory; rebound buying is common in such declines. Although the MACD remains in negative territory, it is above the signal line, indicating that momentum may be near a bottom. Reassuring news about AI revenue could offset selling pressure in the short term and trigger a rebound. However, the price remains below the SMA20 and SMA50, so the trend is weak; therefore, any rally may be limited and volatile. I expect a slightly positive bias in the short term, but volume and sustained trading above the 490 level should be monitored for confirmation.

The news is not directly about NVDA but focuses on AMD; although the positive tone regarding AI revenues supports sector sentiment, it is not a first-hand catalyst for NVDA. NVDA's technical picture is mixed: the price is just above the SMA20 but below the SMA50, the RSI at 45 is in the neutral-weak zone, and the MACD is in negative territory but above the signal line. The 24-hour decline of 2.9% indicates weak short-term momentum. Although sector sentiment is limitedly positive, an additional NVDA-specific catalyst is needed for this to create a clear direction in the 1-3 day window. Therefore, I expect a sideways-limited reaction in the short term.

The news directly targets AMD, not TSM; a positive signal on artificial intelligence revenues could provide broad support to the semiconductor sector. However, TSM's own price structure is weak: the last close of 404.66 is just below the 20-day moving average and clearly below the 50-day moving average, with a 24-hour change of -5.76%. RSI at 39.8 is close to oversold territory but has not yet shown a reversal signal; MACD is in negative territory and below the signal line. Sector-driven optimism could generate limited short-term bargain buying, but with no clear catalyst specific to TSM, the direction remains uncertain.

The news directly targets AMD, not AVGO; there is an indirect impact through sector sentiment. AVGO declined 3.6% over the past 24 hours, closing slightly above its SMA20 and below its SMA50; RSI at 49.8 is in neutral territory. MACD is above the signal line but still in negative territory, giving a weak recovery signal. Positive news flow on AI revenues could support buying appetite across the sector, but since there is no AVGO-specific catalyst, the impact may be limited. I expect a sideways-choppy trend in the short term; 328 (SMA20) should be watched as support and 335 (SMA50) as resistance.