US Plan to Restrict AI Chips Hits Alibaba and Tencent Shares

The news indicates that the US plan to tighten AI chip restrictions is hitting Chinese technology giants; such geopolitical/regulatory news reduces risk appetite for NVDA in the short term. The price has already fallen 7.2% in 24 hours and is trying to hold just above the SMA20 (173.85 vs 173.53); RSI at 41 is weak but not oversold, MACD is in negative territory and above the signal line, suggesting downside momentum has somewhat eased. With SMA50 (187) clearly above, the medium-term trend is under pressure; in the short term, whether the 173.5 support is broken will be decisive. Since the news's direct impact on NVDA is indirect (concerns over China demand/export restrictions), I maintain a downward bias with moderate confidence; a volatile-weak course is more likely than a sharp selloff.

The news indicates that the US plan to restrict AI chips is negatively affecting Alibaba shares, and such regulatory risks could create selling pressure in the short term. The price has already fallen 7.4% in 24 hours and the RSI at 32 is approaching oversold territory, suggesting that part of the decline may already be priced in. The MACD is negative and below the signal line, and the price is trading below the SMA20 and SMA50; the technical picture is weak. Nevertheless, oversold conditions could trigger short-term bargain hunting, so while I see the direction as downward, I maintain medium confidence. In the 1-3 day horizon, a volatile but slightly downward-biased course can be expected.

The news indicates that the US plan to restrict AI chips is negatively affecting Alibaba and Tencent shares; such geopolitical/regulatory news can create short-term selling pressure. Technical indicators already point to oversold territory: RSI14 at 20, with the price below the 20- and 50-day moving averages, and MACD in negative territory. After a nearly 9% decline in the last 24 hours, short-term bargain hunting may emerge, but with negative news flow, the bias remains downward. A volatile but downward trend is expected over the 1-3 day outlook; it should be noted that the sharp decline may be limited due to oversold conditions.

The news may create short-term downward pressure on 0700.HK as the U.S. plan to restrict AI chips is expected to negatively affect Chinese tech giants. The stock has already fallen 3.6% in 24 hours and the RSI at 32 is approaching oversold territory, indicating that part of the decline has been priced in. The MACD is below its signal line and in negative territory, and the price is trading below the SMA20 and SMA50; the technical picture is weak. However, oversold conditions could trigger short-term bargain hunting, so I expect a moderate downward bias rather than a sharp decline. Developments in the news flow and support at the 400 level should be monitored.