OpenAI Aims to Establish Next Major Stargate Data Center in India
OpenAI's Stargate Project in India: OpenAI is planning to establish AI data centers in India as part of its $500 billion Stargate project, collaborating with major tech companies like Oracle and SoftBank. The proposed facility aims for at least 1-gigawatt capacity and is in discussions with local officials for land and regulatory approvals.
India's Growing Tech Landscape: As OpenAI's second-largest market, India is attracting global tech firms due to its advanced tech ecosystem and skilled workforce. The company recently launched a low-cost subscription plan for ChatGPT to increase user engagement in the country, while also planning to open its first office in New Delhi.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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