This study aimed to investigate the effects of livestock classes and their combinations on species diversity, ecological niches, and interspecific associations in alpine grasslands under moderate grazing conditions, and to explore the mechanisms that sustain the stability of alpine grasslands under such conditions. Six treatments were established based on moderate grazing intensity: yak-only grazing, Tibetan sheep-only grazing, mixed yak-Tibetan sheep grazing at ratios of 1∶6, 1∶4, and 1∶2, and an ungrazed control. The results indicate that: 1) The 12 plant species with higher importance values exhibited broader niche widths within the community; 2) There was a significant positive correlation between species importance value and niche width (P<0.05); 3) Overall community associations showed significant negative correlations, while interspecific associations were predominantly characterized by non-significant negative correlations; 4) A significant positive correlation was detected between niche similarity/overlap values and interspecific associations; 5) The niche characteristics and interspecific associations of community species suggested that well-structured spatial arrangements and interspecific relationships of dominant species enhanced the stability of the grassland ecosystem. The sensitivity of alpine grassland ecosystems to moderate grazing disturbance decreased progressively from species to functional groups to the entire community. As a consequence of the broad niche widths and weak interspecific associations of dominant plant species, there were no significant differences among the grazing treatments. Under moderate grazing conditions, different grazing methods effectively maintained the diversity and stability of alpine grassland ecosystems. From a vegetation perspective, the weak interspecific relationships and strong resource competition within the community significantly enhanced its resistance to disturbances. The results of this study provide insights into the mechanisms by which alpine grasslands maintain biodiversity and stability during grazing disturbances, and emphasize the roles of species’ niches and interspecific associations.