Google Makes Move Against Nvidia in AI Chip Market

Google's move to challenge Nvidia in the AI chip market can be seen as a strategic step that could strengthen its long-term competitive position. However, in the short term, the price impact of such news is typically limited and the concrete revenue contribution remains uncertain. Technical indicators are mixed: RSI at 46 is in neutral territory, MACD is slightly above the signal line (in negative territory), and the price is below the SMA20 but near the SMA50. The 24-hour 1.5% gain suggests weak momentum and that the news has not yet been priced in. Therefore, a slightly positive but cautious trend is expected over the 1-3 day outlook; volume and post-news price confirmation will be critical.

NVDA fell sharply by more than 10% in 24 hours to 186.68 and is trading below its SMA20/SMA50, indicating a weak short-term trend. Although RSI at 35.97 is approaching oversold territory, no reversal signal has yet emerged, and MACD is in negative territory slightly above the signal line. Google's move against Nvidia in the AI chip market is increasing competition and market share concerns, making the news flow negative. Such competitive news typically creates pressure lasting several days; however, oversold conditions could set the stage for rebound buying. Nevertheless, I assess that downside risk remains dominant in the short term.

The news points to Google's positioning against Nvidia in the artificial intelligence chip market; while this is a medium-to-long-term strategic narrative, it could positively affect sentiment in the short term. The price at 283.73 is slightly below the SMA20 (286.03), but trading close to the SMA50 (284.09); the 24-hour 1.56% increase signals a short-term recovery. RSI at 46.8 is in neutral territory, with no overbought/oversold pressure. MACD is negative but above the signal line (-0.388 vs -0.566), indicating that momentum, albeit weak, has turned upward. Therefore, the news impact may be limited positive; however, unless the SMA20 resistance is surpassed, the uptrend is not confirmed.