Intel's 30% stock plunge drags Nasdaq to three-month low on AI spending fears

3dnews.ru (Russian) —

Intel shares plunged over 30% on Friday, dragging other tech stocks down and pushing the Nasdaq to a near three-month low amid investor concerns over rising AI infrastructure spending. The selloff was triggered by Amazon's plans to increase capital expenditures and Intel's warning of a year-end cash outflow. Amazon fell 2%, while Nvidia dropped 3% and AMD lost 9.3%, with the semiconductor index down 5.7%. Combined losses for Amazon and Intel could erase about $200 billion in market value, with the Nasdaq-100 risking over $1 trillion. Analysts view the move as sector rotation rather than a broad market reassessment.


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