Amazon Conducts Layoffs in Artificial General Intelligence Group
📊 AMZN — Piyasa Yorumu
▼ down · 65%The news could create uncertainty regarding Amazon's growth strategy in artificial intelligence and may put short-term pressure on the stock. Technical indicators also point to weakness: the RSI is approaching oversold territory at 32, while the MACD remains below the signal line and negative. The price closed below both the 20-day and 50-day moving averages, indicating a short-term downtrend. The 1.92% decline in the last 24 hours suggests continued selling pressure. However, the RSI entering oversold territory could trigger some buying on reaction, so the downside expectation is high but limited.
📊 GOOGL — Piyasa Yorumu
▼ down · 60%The news signals a contraction in the artificial intelligence sector, which could negatively impact technology stocks such as GOOGL. Technical indicators are already weak: the RSI at 41 is near the sell zone, and while the MACD is below zero and above its signal line, momentum remains low. The price is trading below the 20- and 50-day moving averages, confirming short-term pressure. Despite a slight uptick in the last 24 hours, the overall trend is bearish, so a decline can be expected.