Qualcomm Signs AI Chip Deal with TikTok Owner ByteDance

The news points to a strategic partnership that enhances Qualcomm's growth potential. Although technical indicators are in overbought territory (RSI 76), the strong uptrend and MACD above the signal line suggest momentum could continue in the short term. However, the overbought level and the sharp 23% rise in the last 24 hours bring some risk of profit-taking or consolidation. Still, the positive impact of the news is expected to sustain the upward trend for a few more days.

The news announces an AI chip deal between ByteDance and Qualcomm, but it is not expected to have a direct impact on GOOGL. On the technical indicators, the RSI is at 47.67, in neutral territory, while the MACD is below the signal line but with a narrowing gap. The price is trading near the 20-day SMA (387.08) and remains below the 50-day SMA (391.80). There is no clear directional signal in the short term, although the news could have indirect effects in the context of sectoral competition or collaboration.

The news confirms ByteDance’s growth potential in the AI sector and provides an indirect positive signal for BABA’s cloud and AI services. Technical indicators show an RSI of 38, close to the oversold region, and the MACD line is above the signal line, indicating a short‑term recovery potential. However, since the price remains below both the 20‑ and 50‑day moving averages, there is a risk that the rally may be limited. While the direct impact on BABA is limited, a modest upside could be expected due to the positive sentiment in the sector and weak recovery signals in the technical indicators.