Nasdaq falls as Amazon and Intel earnings deepen AI spending worries

Summary

Technology stocks sold off on October 30 as disappointing earnings from Amazon and Intel weighed on the market and fed worries about AI spending. Seeking Alpha reported that the Nasdaq dropped 2% as those results weighed on sentiment. CNBC reported that a tech scare trade hit Nasdaq futures as the Amazon and Intel releases worsened the sell-off. Investing.com reported that Wall Street closed sharply lower as fears about AI cash burn sparked a tech selloff, and a separate Investing.com report said the Nasdaq had slid over 5% for its worst month since March 2025 as the AI trade suffered.

Timeline

1. CNBC

   30 Oct 2026, 10:36 UTCSource ↗

   CNBC reported that a tech scare trade hit Nasdaq futures as the Amazon and Intel earnings releases worsened the sell-off.

2. Seeking Alpha

   30 Oct 2026, 13:32 UTCSource ↗

   Seeking Alpha reported that the Nasdaq dropped 2% as Amazon and Intel results weighed on market sentiment.

3. Investing.com

   30 Oct 2026, 20:11 UTCSource ↗

   Investing.com reported that the Nasdaq slid over 5% for its worst month since March 2025 as the AI trade suffered, with U.S. stock futures sinking as Amazon and Intel earnings underwhelmed.

4. Investing.com

   31 Oct 2026, 00:42 UTCSource ↗

   Investing.com reported that Wall Street closed sharply lower as AI cash burn fears sparked a tech selloff, with Nasdaq futures tumbling as Amazon and Intel results deepened AI spending woes.