Tech stocks fall after earnings, Intel drops 29%
FROM THE WIRE · FINANCE.YAHOO.COM
The AI bubble seems to be popping sooner than expected. Investors are running out of patience, and they want to know where the returns are on the huge AI investments. Tech stocks, including Amazon, Meta, Alphabet, and Intel, dropped hard after their latest earnings reports.…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe drop of major tech and chip names on doubts over AI spending can weigh on the whole sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel fell 29%, its biggest one-day drop in more than four decades, after a weak sales forecast.
- 02Amazon and Alphabet fell after sticking with aggressive AI spending plans.
- 03Alphabet and Meta reported negative cash flows, while utilities and consumer staples rose.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Intel Corp.60.40 USD-0.62%today +0.71%Negative NVIDIA Corporation207.96 USD-0.20%today +2.92%Negative Broadcom Inc.332.35 USD+0.03%today +3.14%Negative Amazon.com, Inc.250.82 USD+1.03%today +2.11%Negative Meta Platforms, Inc.623.64 USD+0.42%today +2.79%Negative Alphabet Inc.280.35 USD+0.52%today +0.49%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets