OpenAI CEO Altman to Oppose Mandatory AI Model Approval to US Lawmakers

GOOGL shares fell 5.8% in the last close, with the RSI dropping to 24.6, entering oversold territory. The MACD remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, further weighing on the technical outlook. News headlines have increased uncertainty around AI regulations, potentially putting pressure on tech giants like Alphabet. While oversold conditions do not entirely rule out a short-term rebound, the current technical and news flow suggests continued downside risk.

MSFT shares fell 3.3% in the last 24 hours, closing at $428.86. The RSI at 38.3 approaches oversold territory, while the MACD line remains below the signal line in negative territory. The 20-day simple moving average ($445) presents a clear resistance level, with the price trading just below the 50-day average ($432.5). News that OpenAI's CEO opposes AI model approval could create short-term uncertainty for Microsoft's AI investments. Weak technical indicators and the negative sentiment from the news suggest the stock may continue its downward trend in the near term.

Amazon (AMZN) shares have dropped 8.4% in the last 24 hours to $248.46, with the RSI falling to 22.5, indicating oversold conditions. The MACD is below the signal line and in negative territory, suggesting weak short-term momentum. The price is trading well below both the 20-day and 50-day moving averages ($257.28 and $264.46, respectively). News headlines may increase uncertainty around AI regulations, putting pressure on tech stocks. However, oversold conditions also raise the possibility of a short-term rebound, so my bearish outlook is limited with moderate confidence.