Artificial Intelligence Stocks Rise in Asia as CoreWeave Surges After Earnings

CoreWeave showed a strong rally alongside AI stocks in Asia after earnings; the 24-hour 14% gain confirms positive momentum. The price is above the SMA20 (47.84) and has approached the SMA50 (48.92); breaking above this level could support the upside in the short term. Although MACD remains in negative territory, it has crossed above the signal line and the histogram is narrowing, a sign of recovery. RSI at 52 is far from overbought territory, meaning there is still room for further gains. Nevertheless, given the risk of profit-taking after a single-day 14% jump, caution is warranted; I therefore keep confidence at a moderate level.

NVDA fell 7.6% over the past 24 hours to 168.79, with its RSI at 27.9 approaching oversold territory, raising the likelihood of short-term bargain buying. Rising AI stocks in Asia and CoreWeave's post-earnings surge could help support sector sentiment. However, the MACD remains negative and the price is trading below its SMA20/SMA50, indicating the trend is still weak. As such, any upside move may be limited and choppy, with confirmation needed for a strong trend reversal. I expect a mildly positive bias in the near term.