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via finance.yahoo.comMarkets

AppLovin, 8x8, Elastic, Shopify and F5 fall after disappointing Amazon and Intel earnings

FROM THE WIRE · FINANCE.YAHOO.COM

AppLovin, 8x8, Elastic, Shopify, and F5 shares are falling, what you need to know What happened? A number of stocks fell in the afternoon session after underwhelming earnings reports from tech giants Amazon and Intel (after mediocre earnings reports from Alphabet and ServiceNow…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWorries over aggressive AI spending and cash burn at Amazon and Intel triggered a broad selloff in tech stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amazon and Intel posted underwhelming earnings, after mediocre reports from Alphabet and ServiceNow.
  2. 02Investors are wary of rising capital expenditure on data centers and computing hardware.
  3. 03The decline spread to hardware suppliers and several software stocks during the afternoon session.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amazon.com, Inc.AMZNStock240.35 USDMarket closedtoday -1.41%Negative Intel Corp.INTCStock65.76 USDMarket closedtoday -28.58%Negative AppLovin CorporationAPPStock228.50 USDMarket closedtoday -10.36%Negative Shopify Inc.SHOPStock157.49 USDMarket closedtoday -5.63%Negative F5, Inc.FFIVStock338.34 USDMarket closedtoday -6.91%Negative Elastic N.V.ESTCStock97.28 USDMarket closedtoday -5.83%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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