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Tech News
Shares of Intel, Reddit and Amazon dropped as investors reacted to heavy AI infrastructure spending and signs that AI-driven search tools are cutting into traditional web traffic. The sell-off hit multiple major tech names on the same trading day, reflecting broader unease about AI-related costs and revenue risks.
Leaker Jaykihn has disclosed early specs for Intel's upcoming Moon Lake processor, describing a four-core design using only low-power-efficiency cores with no performance cores, and TDPs ranging from 6W to 15W. The chip reportedly shares its physical layout with the recently launched Wildcat Lake and is expected to arrive in 2028.
Binance disclosed a hack resulting in losses of roughly $6.3 billion, described as the largest in crypto history, with some reports pointing to a state-backed actor. Separately, Nasdaq futures fell sharply after Amazon missed both earnings and revenue estimates despite strong AWS growth, and Intel issued weak fourth-quarter guidance citing a continuing PC market slowdown, sending its shares down about 25% premarket.
Intel disclosed on its earnings call that October's fatal explosion at Fab 28 in Kiryat Gat, Israel, shut the plant for roughly two weeks and will cost about $600 million in lost revenue across two quarters. CFO Dave Zinsner said production should resume by the end of this week, with Intel projecting roughly $300 million in lost revenue in both Q4 2026 and Q1 2027, plus a 2-point hit to fourth-quarter non-GAAP gross margin. The blast killed two workers and seriously injured another.
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.
Razer's reviewed Blade 18 configuration packs an Nvidia RTX 5090 mobile GPU (24GB, 175W), a 24-core Intel Core Ultra 9 290HX Plus CPU, 32GB of DDR5-6400 RAM, a 2TB SSD, a 99Wh battery, and a dual-mode 240Hz/440Hz IPS display. The unit costs $5,400 and weighs just over 7 pounds, with a CNC-milled aluminum chassis measuring 15.74 x 10.84 x 1.10 inches. The reviewer compares it directly to the Lenovo Legion 9i Gen 10, another high-end 18-inch desktop-replacement laptop.
Intel shares fell more than 20% after the company warned that difficulties in the PC market, caused by elevated memory-chip prices, are expected to persist into 2028. The warning signals a longer-than-expected downturn for a core segment of Intel's business.
Intel shares fell sharply after-hours following fourth-quarter guidance that badly missed Wall Street expectations. The company pointed to persistent weakness in PC demand and a fab explosion in Israel that CFO David Zinsner said will cost roughly $600 million in lost revenue over two quarters. Third-quarter results beat estimates, with data center and AI revenue up 78%, even as client computing revenue declined 5%.
On Intel's latest earnings call, CEO Lip-Bu Tan and CFO David Zinsner said demand for the company's low-cost Wildcat Lake processors is exceeding supply, with the chips now sold out. Zinsner attributed the surge partly to PC makers' focus on cost-optimized designs amid rising memory and component prices, and said he does not expect the broader RAM shortage to ease in 2027.
According to a report, the US intelligence community identified a Chinese individual connected to Nvidia CEO Jensen Huang as having ties to Chinese spying operations. Huang has been pushing the US government to loosen restrictions on selling advanced AI chips to China.
Newegg is selling the Alienware Aurora DACT1250 gaming desktop for $2,599.99, down from $3,849.99. The machine pairs an Nvidia GeForce RTX 5070 Ti GPU with 16GB of GDDR7 VRAM, a 24-core Intel Core Ultra 9 285 CPU, 32GB of DDR5 RAM, and a 1TB SSD.
Acer confirmed US pricing and availability for its Predator Atlas 8 gaming handheld, which will be sold exclusively through Best Buy starting November 1 for $1,300. The only configuration offered pairs Intel's Arc B390 graphics (12 Xe3 GPU cores) with 24GB of LPDDR5x RAM, an 8-inch 120Hz display, Wi-Fi 7, and Windows 11 with Xbox Game Pass support. Best Buy says initial pre-orders have already sold out, with a new ordering window opening on launch day.