OpenAI and Microsoft Agree on $38 Billion Revenue Sharing Cap

The news can be considered a positive development that strengthens Microsoft's strategic partnership with OpenAI. However, technical indicators point to short-term weakness: the RSI is at 45 in neutral territory, the MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. Therefore, the positive impact of the news may not immediately reverse the current technical weakness. In the short term, a sideways trend or limited upside appears more likely.

Although GOOGL stock closed down 1.77% in the last session with its RSI approaching oversold territory at 38.6, the MACD remains below the signal line. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. The $38 billion revenue-sharing agreement between OpenAI and Microsoft intensifies competition in the AI space, potentially raising concerns about Google's position in the search and cloud markets. Therefore, the stock is likely to maintain its downward trend over the next 1-3 days.

Amazon (AMZN) shares fell 2.6% in the last 24 hours, closing at $268.99. The RSI is approaching oversold territory at 35.5, while the MACD remains below the signal line and in negative territory. Trading below the 20- and 50-day moving averages indicates short-term weakness. Although the news headline does not directly impact Amazon, major revenue-sharing agreements in the technology sector could heighten competition concerns. The weakness in technical indicators and selling pressure suggest that the downtrend may continue over the next 1-3 days.