Meta to Sell AI Computing Power, Emerging as New Rival to AWS, Azure, and Google Cloud

The news points to Meta as a new competitor to Google's cloud services, though this may not create direct pressure on GOOGL stock in the short term. Technical indicators present mixed signals: RSI at 48.3 is in neutral territory, MACD is below the signal line but positive, and the price closed below the 20-day moving average (357.49). Therefore, the impact of the news may remain limited, and the market is likely to focus more on broader technology sector trends. Near-term direction uncertainty persists.

The news indicates a development that could increase competition in the cloud market as Meta puts its AI computing power up for sale. This situation may have an indirect impact on the crypto market in general, but there is no direct connection to JST. In technical indicators, the RSI is in neutral territory at 56.7, while the MACD shows a slight upward trend above the signal line. The price is trading just above the 20- and 50-day moving averages, increasing the likelihood of a sideways movement in the short term. Despite a 6.8% decline in the last 24 hours, a sudden reversal is not expected as the indicators are not in oversold territory.