South Korea: Nvidia Will Continue GPU Commitments After Huang's Resignation

The news partially alleviates uncertainty by stating that Nvidia will honor its GPU commitments, but Huang's resignation calls for a cautious approach regarding management risk. The technical picture is weak: the price is below the SMA20 and SMA50, MACD is negative, and RSI at 32.8 is close to the oversold threshold. Although this combination increases the likelihood of rebound buying in the short term, the trend remains downward. The news may have a limited positive effect; however, confirmation is needed for a clear direction in the 1-3 day outlook.

Although the news pertains directly to Nvidia rather than GOOGL, the continuation of GPU commitments signals that AI infrastructure spending will persist, which provides an indirect positive read-through for GOOGL via cloud and AI investments. On the technical side, the price is above the SMA20 and SMA50, the MACD is above the signal line, and momentum is strong with a 24-hour change of +4.45%. However, the RSI at 68.7 is approaching the overbought threshold, which increases the risk of profit-taking and suggests that upside may be limited in the short term. Since the news has a limited direct impact on GOOGL, I maintain a moderate confidence level; the 1-3 day outlook is slightly positive but volatile.