Amazon CEO Jassy: Company Could Sell AI Chips, Competition with Nvidia and AMD Intensifies

The news that Amazon may sell AI chips demonstrates the company's expansion in the technology sector. This situation may attract investors' attention and positively impact the stock price. Although the RSI14 value is above 80, indicating a potential overbuying situation, the 12% increase in the last 24 hours shows strong momentum. Therefore, it is predicted that the stock price will continue to move upward in the short term.

The news highlights Amazon's potential entry into the AI chip market, which could create direct competition for Nvidia. This may be perceived as a threat to NVDA's dominant market position. Technically, the stock has recently experienced a strong rally, with the RSI at 73, indicating overbought conditions and signaling a potential short-term correction. Although the MACD remains positive, these overbought conditions combined with the news could trigger selling pressure. In the short term, neutral or slightly downward movement can be expected.

The report indicates that Amazon, a key customer and potential competitor of AMD, may enter the AI chip market, heightening long-term competition concerns. Technically, the stock has recently experienced a strong rally (up 12%), with the RSI at 73.7 indicating overbought conditions, which raises the likelihood of a short-term correction. However, the price remains above both the 20-day and 50-day moving averages, and the MACD is positive, suggesting the overall trend may still be upward. In the short term, mild selling pressure or consolidation could be expected due to overbought conditions and competition-related news.