ByteDance in Talks with Chinese AI Chip Maker Iluvatar CoreX for Supply Deal
📊 GOOGL — Piyasa Yorumu
■ neutral · 60%The news indicates that ByteDance is in discussions with a Chinese company for AI chip supply. This could increase competition for Alphabet (GOOGL) in the AI chip market, but a direct impact is not expected. On the technical indicators, the RSI is neutral at 50, the MACD is below zero but approaching the signal line. The price is above the 20-day SMA but below the 50-day SMA, suggesting short-term directional uncertainty. The 1.66% decline in the last 24 hours indicates weak momentum. Therefore, no clear direction is expected in the short term.
📊 BABA — Piyasa Yorumu
▼ down · 65%BABA shares closed 5.7% lower in the last session, with the RSI approaching the oversold zone at 39. The MACD line remains below the signal line and in negative territory, confirming weak momentum. The price is trading below both the 20-day and 50-day moving averages. ByteDance's search for an alternative AI chip supplier could create potential competition or supply chain uncertainty for BABA's cloud and AI business units. Given the weak short-term technical outlook, the downtrend is expected to continue.
📊 0700.HK — Piyasa Yorumu
▲ up · 60%The news can be considered a sectoral development in the AI field where Tencent competes with ByteDance. Technical indicators are at neutral levels (RSI 49.6), and the price is trading near the 20-day moving average. The MACD line remains below the signal line, indicating weak short-term momentum. However, the news regarding AI chip supply could have a positive impact on the sector. While limited upside potential is seen in the short term, excessive optimism should be avoided.