EXCLUSIVE: Alibaba to Charge Large Users for Upcoming Open-Source AI Model - Reuters

The news involves Alibaba's plan to charge for its open-source AI model, which could trigger negative reactions from the community and create short-term pressure on the stock. On the technical side, the RSI is in neutral territory (52.7) and the MACD is below the signal line, indicating weakening momentum. The price has closed below the 20-day moving average (128.1), suggesting a loss of short-term support. However, the 50-day average (123.4) is seen as nearby support, so the downside may be limited. Selling pressure is expected at tomorrow's open due to the news, but additional signals are needed for a strong trend reversal.

GOOGL shares have fallen 4.2% over the past 24 hours, with the RSI at 40.4 indicating weak momentum. The MACD is below the signal line and in negative territory, suggesting that short-term downward pressure may persist. News that Alibaba will charge for its open-source AI model could shift pricing dynamics in the global AI competition, posing an indirect threat to Alphabet's AI revenues. The price is below the SMA20 but just above the SMA50, a level to watch for support. In the short term, the downtrend may continue, but as the stock approaches oversold conditions, a technical rebound is also possible.

Alibaba's plan to charge for its open-source AI model points to the company's potential to boost AI revenues and may be received positively. Technically, the price is above the 50-day moving average and the MACD is in positive territory, signaling a short-term recovery. However, the RSI is at a neutral level and trading below the 20-day average, suggesting that upside movement may be limited. The news could increase optimism toward the stock, but caution is advised given overall market conditions and selling pressure.