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Amazon and Intel shares drop sharply after disappointing earnings and rising AI spending concerns

Company Fundamentals
30 Oct 2026, 11:29 WIB
CNBC
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Bearish
Amazon and Intel shares drop sharply after disappointing earnings and rising AI spending concerns

Amazon and Intel shares fell significantly in premarket trading following their disappointing September quarter earnings reports. Amazon's shares dropped 7% after missing revenue and profit expectations and reporting negative free cash flow for the second consecutive quarter, alongside maintaining a high capital expenditure forecast for 2026. Intel's shares plunged 25% after its earnings report. Investor concerns are growing over the massive spending on AI by tech giants and whether these investments will yield returns. This trend also affected other tech stocks, with Alphabet experiencing a historic single-day drop due to negative free cash flow, while Microsoft remained cash flow positive.

As of Oct 30, 2026 15:41 WIB, Amazon shares on Pluang are trading at USD 226.88, down 6.94% for the day, reflecting continued investor caution after earnings. Intel shares have fallen even more sharply, down 26.57% to USD 67.61, showing significant market reaction to its earnings report. Notably, Intel's market cap stands at $504.98 billion on Pluang, highlighting its large scale despite the sharp drop.

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