DeepSeek Founder Unveils AGI Ambition with $10 Billion Funding Round

The news that DeepSeek has announced its AGI target alongside a major funding round could increase interest in the artificial intelligence sector and indirectly benefit technology stocks such as 0700.HK (Tencent). However, technical indicators remain weak: the RSI is near oversold territory at 32, the MACD is below the signal line, and the price is trading below both the 20-day and 50-day moving averages. A decline of 1.78% over the past 24 hours suggests continued selling pressure in the short term. While the positive news may offset the technical weakness, further catalysts may be needed to establish a clear direction.

While the news highlights a significant investment in artificial intelligence, it does not serve as a direct catalyst for BABA stock. Technical indicators are weak: RSI at 40 is near the sell zone, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. Short-term momentum is negative, but the news could have positive sector-wide implications. Therefore, the direction is uncertain, and a neutral stance is recommended.

GOOGL shares fell 2.73% in the last 24 hours, closing at $387.66. The RSI has dropped to 43.6, below the neutral zone, while the MACD remains negative below the signal line. Although the stock is just above the 20-day SMA ($387.95), it remains below the 50-day SMA ($394.38). DeepSeek's $10 billion AGI initiative could intensify AI competition, raising concerns about Google's market share. With weak technical indicators in the short term and potentially negative sentiment from the news, a downward move may be expected.

Although the news points to a major investment in artificial intelligence, this cannot be interpreted as a direct threat or opportunity for Microsoft. Technical indicators show the stock is moving sideways in the short term; the RSI is neutral at 51.5, the MACD is below the signal line, and the price is balanced between the SMA20 and SMA50. While the 1.13% decline at the last close suggests the news may have a negative impact, the overall technical picture does not provide a clear direction. Therefore, rather than expecting a distinct short-term trend, it would be more appropriate to watch the market digest the news.