Tech stocks slide as Amazon and Intel earnings disappoint investors

cnbc.com —

Amazon and Intel shares fell in premarket trading Friday after disappointing September quarter results, dragging Nasdaq futures down 2% and capping a week of rough tech earnings. Amazon dropped 7%, while Intel plunged 25%. Amazon missed on third-quarter top and bottom lines, maintained its 2026 capital expenditure forecast of $220 billion, and reported negative free cash flow for a second straight quarter, larger than before. Investors worry about massive AI spending from tech giants and its payoff. On Thursday, Alphabet closed 13% lower, its worst single-day drop ever, after reporting ballooning negative free cash flow. Microsoft rose after staying cash flow positive. This is a developing story.


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