U.S. to Prohibit Nvidia from Selling AI Chips to China
U.S. Export Controls on Nvidia: The U.S. government plans to block Nvidia's sales of reduced-capability AI chips to China, intensifying technology export controls and reflecting concerns over technology transfer and its implications on global markets.
Impact on China's AI Industry: This decision could create significant hurdles for China's AI industry, which heavily relies on Nvidia's technology, and emphasizes the U.S. strategy to maintain tech leadership.
Market Reactions and Trade Implications: Financial markets are reacting with concern over potential negative impacts on U.S.-China trade, with Nvidia's stock likely to fluctuate as investor sentiment shifts.
Long-term Effects on Tech Dynamics: Historical trends indicate that similar U.S. actions have led to declines in Chinese tech valuations and may accelerate the shift towards decentralized computing, impacting major projects in the sector.
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Technical Analysis for GLM
Technical Sentiment Analysis for Golem (GLM) As of , Golem (GLM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GLM 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, GLM 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 $-.
Golem (GLM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0916 | 0.127 | 0.164 | 0.2 | 0.237 | 0.273 | 0.31 |
| Fibonacci | 0.127 | 0.155 | 0.172 | 0.2 | 0.228 | 0.245 | 0.273 |
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