AMD Signs AI Data Center Agreement with Core Scientific

Although GOOGL shares fell 5.7% in the last close and the RSI approached the oversold zone at 43, the news headline does not directly impact Alphabet. The MACD is in negative territory but approaching the signal line, which may indicate weakening momentum. The price remains above the 20-day moving average but trades below the 50-day average, suggesting a short-term search for balance. Since the news announces a deal between AMD and Core Scientific, no direct impact on GOOGL is expected, but overall optimism in the AI data center sector could indirectly affect Alphabet.

The news can be considered a positive development supporting AMD's growth potential in the artificial intelligence space. However, the stock has declined 19.2% in the last 24 hours, with the RSI entering oversold territory at 25.6. Although technical indicators are weak, oversold conditions and positive news could lead to a short-term recovery rally. While the MACD remains in negative territory, the pace of decline may slow. A short-term upward move is possible, but confirmation is needed for a trend reversal.