Google and Amazon's Last Quarter Profit Came from Anthropic Shares They Didn't Sell

News indicates that a significant portion of Google's latest quarterly profit came from its holdings in Anthropic, which were not sold. This suggests that the company's profit from core operations may be weak. Technically, the RSI is at 71.4, indicating overbought territory, and the price has risen 3.3% in the last 24 hours. However, this rally is considered unsustainable. In the short term, profit-taking and correction risks appear high.

The news indicates that Amazon's last quarter profit was largely driven by unsold shares in Anthropic, suggesting that core operating profitability may have fallen short of expectations. Technically, the RSI is near 60 and the MACD is below its signal line, signaling short-term weakness. Although the price remains above the 20-day moving average, the negative sentiment from the news and weakening technical indicators could lead to a downward trend. However, confidence level is moderate as the market may have already priced in this news.