US stocks slide as Intel and Amazon earnings hit tech sector

US stocks fell sharply Friday as disappointing earnings from Intel and Amazon fueled a technology selloff, with the Nasdaq posting its biggest single-day drop since June. The decline raised doubts about the scale and returns of artificial intelligence investments. The Nasdaq plunged 2.86 percent to 25,437.00, while the S&P 500 fell 1.82 percent and the Dow slipped 1.09 percent. Intel shares dropped 28.6 percent, with Nvidia down 4.2 percent and AMD losing 10.9 percent, as the semiconductor index tumbled 7.2 percent. The tech sector saw its largest monthly decline since March 2025, though 82 percent of reporting S&P 500 companies beat earnings estimates. Cryptocurrency stocks also fell after hackers stole $6.3 billion from Binance.