Amazon shares fall 7% and Intel plunges 25% premarket after earnings

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Amazon shares fell about 7% and Intel shares plunged about 25% in premarket trading on October 30, 2026, as pressure mounted after their earnings reports. CNBC Top News reported that investors are nervous about massive AI spending by technology giants and whether it will pay off. The sources do not give further figures or guidance details.

Sources:CNBC Top News

1 outlet · 2 articles · first seen Oct 30, 6:02 AM ET

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XLK closed at 188.74, down 1.18%, on 2026-10-29. Listed for: Technology sector ETF.

Every source article

Tech giants need legacy businesses to keep growing as they pour trillions into the AI buildout CNBC Top News
Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings CNBC Top News