Trump's Plan to Allow Nvidia AI Chip Exports to China Faces Congressional Backlash
- Legislative Pushback: The bipartisan AI Overwatch Act, recently passed by the House Foreign Affairs Committee, empowers lawmakers to block advanced AI chip exports to China, highlighting significant national security concerns.
- National Security Threat Claims: Lawmakers label Nvidia CEO Jensen Huang as a national security threat due to his close ties with Chinese leadership and the potential military applications of his chips, reflecting the urgency of U.S.-China tech competition.
- Historical Control Demands: Since 1976, foreign arms deals altering military balance require congressional review, and now lawmakers seek similar oversight for AI chip exports, indicating a tightening grip on technology exports.
- Job Market Shifts: While Huang promotes high-paying jobs from AI infrastructure in Davos, data reveals nearly 55,000 layoffs in the U.S. due to AI in 2025, illustrating the dual impact of technological advancement on employment.
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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 stock.
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 | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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