Oracle Announces Layoffs of 21,000 Employees Due to AI
📊 ORCL — Piyasa Yorumu
▼ down · 70%Oracle's decision to lay off 21,000 employees indicates that its artificial intelligence transformation is accompanied by cost reductions. Although the stock has fallen 7.6% in the last 24 hours and the RSI has dropped to 32, approaching oversold territory, the MACD continues to give a sell signal. The price is trading below both the 20-day and 50-day moving averages, suggesting that short-term pressure may persist. The negative impact of the news may not yet be fully priced in, so the downtrend is likely to continue.
📊 GOOGL — Piyasa Yorumu
▼ down · 70%GOOGL shares fell 6.1% in the last close, with the RSI dropping to 35, approaching oversold territory. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, creating a negative technical outlook. Oracle's layoff of 21,000 employees due to AI highlights cost pressures in the sector and the impact of AI investments on employment. This news could trigger broad selling pressure on tech stocks, making it difficult for GOOGL to recover.