Amazon, Intel Stocks Fall After Earnings on Concerns About AI Spending
Business

Amazon, Intel Stocks Fall After Earnings on Concerns About AI Spending

jack colman
By jack colman
October 30, 2026 1 Min Read
Comments Off on Amazon, Intel Stocks Fall After Earnings on Concerns About AI Spending

CFOTO | Future publications | Getty Images

Amazon And Intel Shares were lower in premarket trading Friday after reporting September quarter numbers that disappointed investors, sending Nasdaq futures down 2% and capping a week of gross profits in the technology sector.

Amazon shares were down 7% in premarket trading, while Intel was down 25%.

Amazon reported a shortfall and net income in the third quarter, while maintaining its 2026 capital spending forecast of $220 billion this year. Amazon also reported negative free cash flow for the second consecutive quarter, much larger than the prior period.

Investors are concerned about tech giants’ massive spending on AI and whether it will be profitable.

THURSDAY, Alphabet shares closed down 13%, its worst single-day decline in history after also reporting skyrocketing negative free cash flow.

Microsoft Shares rose after maintaining positive cash flow during the September quarter.

This is a developing story. Please come back for more.

Make CNBC your favorite source on Google and never miss a moment from the most trusted name in business news.

Gn bussni

Views: 8
jack colman
Author

jack colman

**Jack** is a staff journalist and digital content writer at **DailyVoxa**, specializing in breaking news, technology, artificial intelligence, business, and global affairs. He is passionate about transforming complex topics into clear, accurate, and engaging stories that help readers stay informed.With a strong focus on fact-based reporting and thorough research, Jack monitors developing events, analyzes reliable sources, and delivers timely news with clarity and context. His work emphasizes accuracy, transparency, and editorial integrity while avoiding sensationalism.At DailyVoxa, every article written by Jack follows the publication's Editorial Policy, Fact-Checking Policy, and Ethics Policy. He is committed to providing trustworthy journalism that empowers readers with reliable information and meaningful insights into the stories shaping the world.

Follow Me
Other Articles