OpenAI Raises $11 Billion at $1.25 Trillion Valuation

OpenAI's raising of $11 billion at a massive valuation could support Microsoft's perceived value through its OpenAI partnership. However, the MSFT price is below its SMA20 and the RSI at 44 indicates weak momentum; the MACD is below its signal line. Although the 2% gain over the past 24 hours is a sign of short-term recovery, there is resistance around the SMA50. While the news is a positive catalyst, the technical picture is mixed, so the impact may be limited and volatile. I expect a slight upward bias in the short term, but volume and a close above the SMA20 should be monitored for confirmation.

NVDA has experienced a sharp decline exceeding 10% in the last 24 hours, with its RSI at 36 approaching oversold territory; MACD is in negative territory and the price is below SMA20/SMA50, indicating a weak short-term trend. OpenAI's $11 billion fundraising at a $1.25 trillion valuation signals continued AI spending, providing an indirect demand signal for NVDA, though this news does not directly relate to NVDA's revenues. Following the sharp drop, short-term bargain hunting may emerge, but momentum indicators have not yet confirmed a reversal. Therefore, I assess the impact as neutral-to-positive; direction uncertainty is high over the next 1-3 days. The news alone should not be seen as a strong upward catalyst.