WSJ: Musk's SpaceX in Talks to Provide Computing Power to Pentagon - Reuters

GOOGL shares closed 3.14% lower, with the RSI at 33.1 approaching oversold territory. The MACD line 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. While no direct news headline impacts GOOGL, reports of SpaceX's discussions with the Pentagon could heighten competition concerns in the tech sector. The short-term downtrend is likely to persist, though a potential rebound cannot be ruled out given the oversold conditions.