Tech Giants' AI Spending Intensifies Competition

The news headline indicates increasing competition in AI spending, but this makes it difficult to determine a clear short-term direction for MSFT. Technical indicators show the stock trading below its 20- and 50-day moving averages, with the RSI at 44.7 in neutral territory. The MACD line is below the signal line and in negative territory, pointing to short-term weakness. Despite a 1.26% rise in the last 24 hours, momentum indicators do not provide a clear direction. Therefore, a sideways trend can be expected in the short term.

GOOGL stock presents a technically strong outlook, supported by positive news of accelerating competition in AI spending. Although the RSI at 68 is approaching overbought territory, it is not yet at dangerous levels, and the upward momentum continues. The MACD remains positive above the signal line, and the price is trading above both the 20-day and 50-day moving averages. In the short term, the upward movement is expected to continue, driven by AI-focused optimism and supportive technical indicators. However, the elevated RSI and the limited 1% rise over the past 24 hours suggest that excessive exuberance should be avoided.

Amazon (AMZN) closed at $273.5, up 4.2% in the last 24 hours, showing strong momentum above the 20-day SMA ($271.88). The RSI stands at 60, not yet in overbought territory, suggesting short-term upside potential may continue. The MACD line remains below the signal line but stays in positive territory, indicating the trend has not weakened. News headlines highlight that competition in AI spending is positively impacting tech giants, potentially boosting optimism around AMZN's investments in this area. However, sustaining above the 50-day SMA ($265.88) and breaking the $275 resistance are critical for the continuation of the uptrend.

The increase in artificial intelligence spending by technology giants is supporting global risk appetite, potentially leading to a short-term rise in tech-heavy indices. This trend boosts optimism for companies in the AI ecosystem and could positively impact Turkish technology stocks. However, pressure on profitability from rising expenditures and potential regulatory risks may limit market sentiment. Overall, competition in AI investments is creating selective optimism in global markets, and a similar momentum can be expected in Turkish markets.