Intel Stock Crashes 25%, Amazon Falls 7% As Nasdaq Futures Drop 2%
Photo: Coinpedia
A bruising week for Big Tech earnings ended on a sour note Friday, with Nasdaq-100 futures down 2% before the open. Intel shares slumped 25% in premarket trading after the chipmaker gave a weaker-than-expected outlook, blaming a still-soft PC market. Amazon fell 7% after missing third-quarter revenue and profit forecasts and posting a second straight quarter of negative free cash flow, this time much deeper. The company kept its 2026 capital spending plan at $220 billion. Chip stocks including Micron, Nvidia and Arm traded lower, while ASML led sharp losses in Europe.
Also reported by CoinCentral.
Source: Coinpedia
