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Tech Stocks Plummet as Amazon and Intel Report Disappointing Earnings

Tech Stocks Plummet as Amazon and Intel Report Disappointing Earnings

US stock market today: Nasdaq falls over 2%, S&P 500 slides as Amazon, Intel tumble
US stock market today: Nasdaq falls over 2%, S&P 500 slides as Amazon, Intel tumble

US stocks opened sharply lower on Friday, driven by a tech sell-off as disappointing earnings from Amazon and Intel renewed concerns over massive AI spending.

Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates
Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates

Amazon and Intel shares tumbled after the companies posted their latest earnings reports.

Amazon slides 7%, Intel plunges 25% as tech pressure mounts after earnings
Amazon slides 7%, Intel plunges 25% as tech pressure mounts after earnings

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

Tech scare trade hits Nasdaq futures while crypto reels from its biggest-ever hack
Tech scare trade hits Nasdaq futures while crypto reels from its biggest-ever hack

Amazon and Intel worsen the sell-off with disappointing earnings releases

Amazon burns cash, Intel flags weak PC demand as AI boom strains markets
Amazon burns cash, Intel flags weak PC demand as AI boom strains markets

Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices

Intel stock plunges 20% as chipmaker blames PC slowdown for weak guidance
Intel stock plunges 20% as chipmaker blames PC slowdown for weak guidance

Intel has been a Wall Street darling this year due to its emergence as a player in AI, but the company is being weighed down by a struggling PC market.

Intel plunges on a major guidance miss. What went wrong
Intel plunges on a major guidance miss. What went wrong

Further downside is certainly possible, but selling now won't erase the losses we've taken.

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