OpenAI Files for IPO in the US Following Anthropic

GOOGL shares closed at $363.33, trading below both its 20-day ($367.75) and 50-day ($370.27) moving averages. The RSI has fallen to 41.79, below the neutral zone, while the MACD remains below its signal line and in negative territory. IPO filings from competitors such as OpenAI and Anthropic signal intensifying competition in the AI space, which could weaken Alphabet's position in the sector. In the near term, technical indicators are weak, and the news may add further selling pressure.

Microsoft (MSFT) shares fell 3.8% over the past 24 hours to $411.74. While the RSI at 27.1 has entered oversold territory, the MACD continues to give a sell signal, and the stock is trading below both its 20-day SMA ($419.28) and 50-day SMA ($433.46). OpenAI's IPO filing could be perceived negatively in the short term, as it may affect the valuation of Microsoft's significant investment in the company. The weakness in technical indicators and the uncertainty created by the news increase the risk of testing the $410 support level. However, the oversold condition could also signal a short-term bounce.

Although Amazon (AMZN) shares have entered oversold territory with the RSI approaching 30, the MACD line remaining below the signal line and in negative territory indicates that short-term bearish momentum persists. The stock trading below both its 20-day and 50-day moving averages further weakens the technical outlook. OpenAI's IPO filing could increase competition in the AI sector, potentially creating short-term pressure on AMZN's cloud and AI investments. However, the pace of the decline and the RSI being in oversold territory also suggest the possibility of some buying on dips.