Alibaba Shares Fall Due to AI Spending and Losses

Alibaba's latest closing price stood at $125.33, reflecting a 24-hour gain of 3.13%. The RSI at 61.45 and a positive MACD indicate upward momentum. Trading above both the SMA20 and SMA50 suggests a strong short-term uptrend. However, concerns over increased AI spending and reported losses may trigger a slight correction in the near term. Over the next 1-3 days, both upward movement and a pullback are possible. Overall, the market impact is expected to remain neutral.