US Senate Banking Committee Chair Calls Jensen Huang and Lutnick to Testify

The news is not directly related to GOOGL; it involves a Senate testimony request directed at Nvidia (Jensen Huang) and Commerce Secretary Lutnick. Therefore, its impact on GOOGL is largely indirect and uncertain. The technical outlook is positive: the price is above the SMA20 and SMA50, RSI at 62 is approaching overbought territory, and MACD is above its signal line. I do not expect a clear news-driven direction in the short term; although the current momentum is upward-biased, the news impact may remain neutral.

The news heightens the risk of a regulatory or parliamentary investigation into NVDA; the Senate Banking Committee’s subpoena of Jensen Huang introduces uncertainty that could generate short‑term selling pressure. Technically, the outlook is already weak: the price sits below the 20‑ and 50‑day moving averages, the RSI is at 36—weak but not oversold—and the MACD is in negative territory. A 5.6% decline over 24 hours confirms downward momentum. However, the absence of concrete sanctions in the report and the RSI approaching oversold levels leave room for reactive buying, so confidence should be maintained at a moderate level. Short‑term downward pressure is expected, but a sharp crash is less likely than a choppy weakening.