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Tech stocks slide as Amazon, Intel earnings fuel AI investment doubts

euronews.com — October 30, 2026 at 12:01 PM UTC

Tech stocks suffered steep losses on Friday after Amazon and Intel posted disappointing earnings, intensifying fears about the AI investment boom. Amazon fell over 7% in after-hours trading, while Intel dropped 23%, and Alphabet plunged more than 12% following weak ad revenue growth. The sell-off spread to Asian markets, with South Korean chipmaker SK hynix diving over 7%, Samsung losing 3%, and Japanese firms Kioxia, Advantest, and SoftBank shedding nearly 6%. Analysts cited concerns that higher funding costs could force hyperscalers to slow AI build-out, despite strong results earlier in the week from SK hynix and Anthropic. Oil prices climbed over 1% toward $120 a barrel on fears of US-Iran hostilities, while Bitcoin tumbled 5% to $76,400 after Binance reported a $6.3 billion hack. The yen strengthened after the Bank of Japan held rates steady, with inflation above its 2% target.

With a significance score of 3.4, this news ranks in the top 7.2% of today's 29572 analyzed articles.

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[5.6]

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1d 20h

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[5.6]

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22h

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[5.6]

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1d 16h

[5.4]

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[5.3]

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[5.2]

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1d 16h

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[5.1]

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1d 8h

[5.0]

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1d 13h

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[4.9]

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4h

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[4.9]

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1d 16h

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[4.8]

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1d 23h

[4.8]

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1d 16h

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[4.8]

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1d 11h

[4.7]

Intel hits worst day since 1974 as shares plunge 30% (ynet.co.il)

1d 15h

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[4.7]

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1d 11h

[4.7]

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[4.6]

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1d 1h

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[4.6]

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[4.5]

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[4.4]

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[4.4]

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[4.4]

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[4.4]

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[4.4]

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[4.4]

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1d 15h

[4.4]

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[4.4]

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1d 12h

[4.3]

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[4.3]

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[4.3]

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[4.3]

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[4.2]

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1d 16h

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[4.2]

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1d 13h

[4.2]

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<1h

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[4.1]

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1d 20h

[4.1]

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1d 14h

[4.1]

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1d 13h

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[4.1]

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<1h

[4.1]

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[4.1]

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1d 10h

[4.0]

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1d 11h

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[4.0]

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[4.0]

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1d 9h

[4.0]

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[3.9]

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[3.9]

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[3.9]

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[3.8]

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[3.8]

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[3.8]

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[3.8]

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[3.7]

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1d 21h

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[3.7]

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12h

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[3.7]

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[3.6]

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[3.6]

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[3.6]

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[3.6]

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[3.6]

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[3.6]

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[3.5]

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[3.5]

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[3.5]

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[3.5]

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[3.5]

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[3.5]

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[3.5]

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[3.5]

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[3.5]

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[3.4]

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[3.4]

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[3.4]

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[3.4]

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[3.4]

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[3.4]

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[3.4]

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[3.4]

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[3.3]

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[3.3]

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[3.3]

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[3.3]

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[3.3]

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[3.3]

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[3.3]

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[3.3]

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[3.2]

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[3.1]

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1d 21h

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[3.1]

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[3.0]

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1d 14h

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[3.0]

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[3.0]

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[3.0]

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1d 11h

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[3.0]

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1d 14h

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[2.9]

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1d 10h

[2.9]

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1d 20h

[2.9]

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19h

[2.8]

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13h

[2.8]

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1d 19h

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[2.8]

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1d 6h

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[2.7]

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20h

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[2.7]

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1d 20h

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[2.7]

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1d 23h

[2.7]

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1d 13h

[2.7]

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[2.7]

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[2.6]

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[2.6]

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[2.6]

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1d 11h

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[2.6]

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1d 8h

[2.6]

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1d 11h

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[2.5]

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1d 23h

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[2.5]

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1d 12h

[2.5]

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1d 20h

[2.5]

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20h

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[2.4]

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1d 12h

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[2.4]

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18h

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[2.4]

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4h

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[2.3]

Nasdaq drops 2.8% as Intel and Amazon reports deepen AI stock selloff (invezz.com)

1d 11h

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[2.3]

S&P Global cuts Meta's outlook to negative on AI spending and cash flow (thestar.com.my)

1d 7h

[2.3]

Nasdaq Falls as Amazon and Intel Plunge on Weak Earnings (investors.com)

1d 16h

[2.3]

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20h

[2.2]

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1d 19h

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[2.2]

Dow Falls 572 Points as AI Infrastructure Stocks Slump; Intel Drops 30% (nikkei.com)

1d 11h

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[2.2]

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1d 5h

[2.2]

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15h

[2.1]

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14h

[2.1]

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1d 12h

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[2.1]

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1d 14h

[2.1]

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1d 19h

[2.1]

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1d 16h

[2.0]

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1d 19h

[2.0]

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1d 8h

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[2.0]

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1d 4h

[2.0]

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1d 14h

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[1.9]

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1d 9h

[1.9]

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1d 14h

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[1.9]

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1d 8h

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[1.9]

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1d 15h

[1.9]

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1d 17h

[1.9]

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1d 10h

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[1.8]

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1d 9h

[1.8]

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1d 18h

[1.8]

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1d 23h

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[1.7]

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1d 14h

[1.7]

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[1.6]

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[1.6]

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[1.5]

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[1.5]

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[1.5]

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[1.5]

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1d 14h

[1.5]

Piper Sandler cuts Intel price target to $90 on weak guidance (jp.investing.com)

1d 14h

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[1.5]

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1d 12h

[1.4]

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1d 2h

[1.4]

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1d 14h

[1.4]

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1d 12h

[1.3]

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1d 17h

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[1.3]

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1d 16h

[1.2]

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1d 10h

[1.2]

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1d 9h

[1.1]

FTSE 100 edges higher as US tech stocks slide on AI spending fears (independent.co.uk)

1d 14h

[1.0]

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1d 14h

[1.0]

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[0.9]

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1d 11h

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