SoftBank Records $12 Billion Profit from OpenAI Investment

GOOGL shares fell 2.3% in the last close, trading at $387.44. The RSI is in weak territory at 42, while the MACD remains negative below the signal line. Closing below the 20- and 50-day moving averages technically confirms selling pressure. Although SoftBank's profit from its OpenAI investment does not pose a direct threat to GOOGL, it may be perceived as a signal of intensifying AI competition. In the short term, the stock is expected to seek support in the $385-390 range.

The news can be interpreted as a positive signal for the artificial intelligence sector and may indirectly benefit technology stocks such as Tencent. Technically, the RSI at 45 is in neutral territory, while the MACD shows a slight recovery above the signal line. The price is trading near the 20-day moving average, suggesting potential for sideways movement in the short term. However, a 1.6% decline over the past 24 hours and trading below the 50-day moving average warrant caution. Overall, the positive news impact may offset technical weakness, but upside movement is expected to remain limited.

The news highlights SoftBank's significant profit from its OpenAI investment, but this is not a direct catalyst for 9988.HK (Alibaba). Technical indicators are weak: the price is below both the SMA20 and SMA50, MACD is below the signal line, and RSI is neutral at 44. The 4.25% decline in the last 24 hours confirms short-term pressure. Since the news is unrelated to Alibaba's business model, market impact may be limited. Therefore, short-term direction remains uncertain.