Congressional Pressure on Nvidia Over China

The news concerns Congress increasing pressure on Nvidia regarding China-related issues, which could strengthen perceptions of export restrictions or regulatory risk. The technical picture is already weak: the price is below the SMA20 and SMA50, MACD is in negative territory, and an RSI of 37 signals seller pressure. The 24-hour decline of 2.86% confirms that momentum is to the downside. In the short term, the 160-162 support zone is critical; a break below this level could accelerate selling. However, because the news does not contain any concrete sanctions and the RSI is not approaching oversold territory, moderate downward pressure is expected rather than a sharp decline.

The news directly targets Nvidia, not AMD; however, export restrictions to China could dampen risk appetite across the entire semiconductor sector. AMD's price has risen 4.2% in the last 24 hours and is trading below its SMA20 (556) and above its SMA50 (508); the RSI is at 48, in neutral territory. The MACD remains below the signal line, indicating weakening short-term momentum. The sector-wide impact of the news may be limited negative, but no direct AMD-specific effect is expected; therefore, the direction is uncertain. In the short term, fluctuation within the 508-556 band is likely.

Congressional pressure on Nvidia regarding China could affect Nvidia's production plans and therefore slightly reduce demand for ASML equipment. ASML's price is currently below its 20-day moving average but above its 50-day moving average, indicating an indecisive trend in the short term. With RSI at 47.6 and MACD negative, momentum is slightly bearish. Taken together, these factors suggest ASML's 1-3 day movement will likely be mildly downward, though no major change is expected.