Business

Tech Giants Face Market Pressure After Earnings Reports

Updated 2026-10-30 08:50 UTC 1 source Negative

Amazon and Intel experienced significant drops in their stock prices following earnings reports, reflecting investor concerns over AI spending. The tech sector is under pressure as the financial implications of AI investments become clearer.

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CNBC

Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

2026-10-30 08:32 UTC