# Intel shares fall 25% after earnings, Amazon drops 7% in premarket trading

> Original title: Intel stock has worst day since 1970s, wiping about $12 billion off government's stake

- Source: CNBC · Technology
- Published: 2026-10-30T08:32:39.000Z
- Bad Influence: https://badinfluence.news/items/dad9rrt7skb12e5l12e1vvji9
- Original: https://www.cnbc.com/2026/10/30/amazon-intel-earnings-big-tech-ai-spending-concerns.html

## Summary

Intel shares were down 25% and Amazon shares 7% in premarket trading on Friday after both reported September quarter results that disappointed investors. Amazon missed on revenue and profit, kept its 2026 capital expenditure forecast at $220 billion, and reported negative free cash flow for a second consecutive quarter.