Leader of China's 'homegrown Nvidia' unveils new AI chip lineup
Moore Threads' New AI Chips: The company has launched new AI chips aimed at reducing China's reliance on Nvidia, with a focus on enhancing computing speed and capabilities for local developers.
Market Response and Future Production: Following a significant stock increase, Moore Threads anticipates mass production of its new technology by 2026, which will support large-scale AI training in data centers.
Product Line Expansion: The company introduced the Lushan GPU series for graphics rendering and the Changjiang SoC, integrating CPUs and GPUs on a single chip, while also updating its MUSA computing platform.
Political and Economic Context: Analysts suggest that the excitement around Moore Threads may be politically driven rather than based on solid fundamentals, as China's government pushes for domestic chip production amid ongoing US-China tech tensions.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0127 | 0.0148 | 0.0166 | 0.0187 | 0.0205 | 0.0226 | 0.0244 |
| Fibonacci | 0.0148 | 0.0163 | 0.0172 | 0.0187 | 0.0202 | 0.0211 | 0.0226 |
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