Nasdaq-100 futures slide 1.5% as Amazon and Intel plunge after earnings

cnbc.com —

Nasdaq-100 futures fell 1.5% Thursday evening after Amazon and Intel shares plunged following their quarterly earnings reports, with S&P 500 futures down 0.7% and Dow futures off 0.1%. Amazon lost 6% in extended trading after missing Wall Street's earnings and revenue expectations, posting negative free cash flow of $42.4 billion while keeping its $220 billion capital expenditure forecast for 2026. Intel slid 21% after issuing a weak current-quarter outlook, citing a PC slowdown, with revenue in its client computing and physical AI group down 5% year-over-year to $8.1 billion. The declines follow Alphabet's 12% drop in regular trading Thursday on missed earnings and negative free cash flow of $9.07 billion, dragging the Nasdaq Composite down 1.4%. October has been volatile for AI-related stocks, with neoclouds like CoreWeave and Nebius facing scrutiny over debt levels, while the Nasdaq Composite is heading for a 2.5% monthly fall.


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