Intel and Amazon shares fall after disappointing September-quarter earnings
Overview
Intel shares fell about 25% and Amazon shares fell 7% in premarket trading on Friday after both companies reported September-quarter results that disappointed investors, according to CNBC. Amazon missed third-quarter estimates on both the top and bottom lines, kept its 2026 capital expenditure forecast at $220 billion, and reported negative free cash flow for a second straight quarter. Nasdaq futures dropped 2% that day, capping a week of weak tech earnings. Investors are wary of the large AI spending by major tech companies and whether it will pay off.
Written by AI from the articles below · updated Oct 30, 12:57 PM ET
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- CNBC · TechnologyNewsIntel and Amazon shares fall in premarket trading after weak September-quarter results
AIIntel shares fell about 25% and Amazon shares fell 7% in premarket trading Friday after both reported September-quarter results that disappointed investors. Amazon missed third-quarter estimates on the top and bottom lines, kept its 2026 capital expenditure forecast at $220 billion, and reported negative free cash flow for a second straight quarter.
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