GoKawiilAmazon, Intel shares slide premarket after disappointing quarterly results
Amazon shares fell about 7% and Intel dropped roughly 25% in premarket trading after both companies reported September-quarter results that missed investor expectations. Amazon missed on revenue and profit while keeping its 2026 capital expenditure forecast at $220 billion and reporting a larger negative free cash flow for a second straight quarter. Intel gave weaker-than-expected guidance, citing continued softness in the PC market, while chip peers like Micron, Nvidia, Arm and ASML also declined.
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The selloff suggests investors are growing wary of heavy spending on AI infrastructure without clear near-term payoff, as seen in Amazon's persistent negative cash flow despite sustained capex commitments. Intel's guidance points to broader weakness in traditional computing demand, which appears to be weighing on semiconductor stocks more widely. Together these moves capped a rough week for tech earnings, hinting at fragile investor confidence heading into further reports.
- Amazon shares fell 7% premarket after missing revenue and profit estimates while reaffirming $220 billion 2026 capex plans.
- Intel shares plunged 25% after issuing weak guidance tied to PC market softness.
- Broader chip sector, including Micron, Nvidia, Arm and ASML, also traded lower, reflecting wider investor caution.
Source: cnbc.com — Arjun Kharpal, 2026-10-30
Published there as: “Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings”
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