By William Collins, consultant in stock markets – Eurasia Business News, October 30, 2026. Article no 3235
U.S. stocks tumbled Friday, October 30, as disappointing results from Amazon and Intel intensified concerns about artificial intelligence spending. The Nasdaq Composite fell more than 3% during trading, extending a technology selloff that followed Alphabet’s earnings disappointment. Investors increasingly questioned how quickly massive infrastructure investments would translate into stronger profits.
The supplied market report placed the Nasdaq on course for its worst month since March 2025 and roughly 8.5% below its record high. With the regular U.S. session still underway at the time of writing, those figures—and the supplied closing percentages—should not be treated as confirmed final results.
Nasdaq Leads Stock Market Declines
The technology-heavy Nasdaq bore the heaviest selling as investors reduced exposure to AI-linked companies. The supplied intraday snapshot showed the S&P 500 down 2.2%, while the Dow Jones Industrial Average declined more than 1%, or approximately 630 points.
The divergence highlighted technology’s particular vulnerability. Investors were not simply reacting to slower growth; they were reassessing valuations built around expectations of substantial future AI profits. Reuters reported that Amazon and Intel’s losses threatened to erase approximately $200 billion in combined market value at one intraday checkpoint.
Intel Stock Plunges on Weak Outlook
Intel shares dropped around 30% during trading, putting the chipmaker on course for its steepest one-day decline. The company warned that it would burn cash this year as weakness in personal computers, manufacturing bottlenecks and spending on production expansion weighed on performance.
Its fourth-quarter revenue forecast of $15 billion to $16 billion compared with $16.5 billion in the third quarter. That outlook reinforced concerns that demand outside the strongest AI markets remained uneven.
Intel’s problems also demonstrated why semiconductor companies cannot be treated as a single investment story. Manufacturing execution, customer demand and capital requirements can produce sharply different outcomes across the sector.
Amazon Earnings Fail to Reassure Investors
Amazon fell approximately 2% during trading after reporting third-quarter earnings of $1.89 per share on revenue of $201.94 billion. Analysts surveyed by LSEG had expected $1.96 per share and revenue of $202.31 billion.
Despite strong cloud-computing demand, investors focused on cash consumption. Amazon reported negative free cash flow of $42.4 billion over the preceding 12 months and maintained its $220 billion capital-expenditure forecast for 2026.
The market’s concern was returns: growing demand for computing services does not automatically establish when infrastructure spending will generate sufficient cash. Alphabet’s earlier earnings disappointment had already heightened that sensitivity.
Binance Hack Adds Pressure to Crypto Markets
Cryptocurrency markets faced a separate shock after Binance reported a security breach with an estimated $6.3 billion impact. The exchange suspended deposits and withdrawals while conducting checks and tracing assets.
Binance said approximately $3 billion had been frozen on-chain and pledged to cover losses. The estimated impact therefore should not be confused with a confirmed, irrecoverable loss of the entire amount. Bitcoin and other major cryptocurrencies initially declined before recovering some ground.
Oil Prices Rise as Supply Risks Return
Energy markets moved in the opposite direction. Brent crude traded near $113 per barrel, while WTI approached $103 in a Friday morning market update. These were trading quotations rather than verified settlement prices.
Read also : Gold : Build Your Wealth and Freedom
The supplied report linked the increase to renewed attacks affecting Middle Eastern shipping and Russian energy infrastructure. Higher oil prices added another concern for investors already balancing expensive technology investment against persistent inflation risks.
Economic Data Show Slower Momentum
October’s Chicago PMI fell to 55.3 from September’s 58.8, missing the 56.0 consensus estimate. Meanwhile, the Employment Cost Index rose 0.8% quarter over quarter, matching expectations and easing from 0.9%. 1568
Those releases offered signs of moderation, but Friday’s market remained dominated by earnings and cash-flow concerns rather than reassurance from softer economic indicators.
Our community already has nearly 345,000 readers!
Subscribe to our Telegram channel
Follow us on Telegram, Facebook and Twitter
© Copyright 2026 – Eurasia Business News. Article no. 3235
