Alibaba Shares Fall 7% on Nvidia-Related Chip Access Concerns

The news highlights chip access concerns originating from Nvidia, and NVDA stock has already fallen 7.2% in 24 hours. Although the RSI is at 41, approaching oversold territory, the MACD remains in negative territory and below its signal line, confirming weak short-term momentum. The price is very close to the SMA20 (173.53) but clearly below the SMA50 (187.0), indicating a search for support around 173 in the short term. Since chip access concerns could heighten sector risk perception, downward pressure may persist in the 1-3 day outlook, but oversold conditions could limit sharp declines. Nevertheless, it should be noted that the impact may remain limited because the news focuses on Alibaba rather than directly on NVDA.

BABA fell sharply by 7.4% amid chip access concerns stemming from Nvidia, and this news directly reflects a fundamental risk. Although RSI14 at 32 is approaching oversold territory, there is no reversal signal yet. MACD is negative and below the signal line, with short-term momentum to the downside. The price is trading below SMA20 and SMA50, confirming the weak technical picture. Although rebound buying may be seen within 1-3 days, downward pressure could persist as chip access uncertainty continues.

Alibaba shares fell 7% amid Nvidia chip access concerns, closing with an 11% loss within 24 hours. The RSI stands at 16.6, indicating oversold conditions, but the price remains below the SMA20 and SMA50, which could sustain downward pressure in the short term. The likelihood of a price recovery within 1-3 days is low; a correction toward the 95-97 range may be expected.