Apple Trains Its Own AI Model for the Chinese Market with Alibaba's Support

Apple's collaboration with Alibaba to train its own AI model for the Chinese market could enhance the company's regional competitiveness and is viewed as a positive development. On the technical indicators, the RSI is in neutral territory (51.2) and the MACD is above the signal line, suggesting a slight potential for short-term recovery. The price is above the 20-day moving average (303.7) but below the 50-day average (307.45), presenting a mixed outlook. An upward move is possible on the back of this news, but caution is advised as it is not a strong signal.

The news suggests that Alibaba's AI partnership with Apple could strengthen its position in China. This development may serve as a positive catalyst for BABA shares, with potential for a short-term recovery. However, the stock has declined 7.2% over the last 24 hours and its RSI stands at 29.6, indicating oversold conditions that could technically pave the way for a rebound. Although the MACD remains in negative territory, the news flow and oversold conditions could support a short-term uptick. Nevertheless, caution is advised due to broader market uncertainties and technical weakness.

GOOGL shares fell 2.24% over the last 24 hours, reaching $346.41. The RSI at 44.6 indicates weak momentum, while the MACD remains in negative territory but is attempting to stay above the signal line. The price is trying to hold just above the 20-day moving average (345.22) but remains well below the 50-day average (353.86). Apple's AI partnership with Alibaba in China could pose an indirect threat to Google's competitiveness in AI and cloud. In the short term, the technical outlook is weak, and negative news flow may add further pressure, making continued downside movement more likely.

The news that Apple is partnering with Alibaba on artificial intelligence in China could strengthen Alibaba's position in technology and cloud computing. This development may serve as a positive catalyst for 9988.HK and could attract buying interest in the stock in the short term. However, technical indicators remain weak: RSI is at 33.4, indicating oversold conditions, MACD is negative, and the price is below both the SMA20 and SMA50. The 5.8% decline on the last close suggests continued selling pressure. Therefore, while an upward move is possible, it may face strong resistance and remain limited in the near term.