Amazon shares fell about 3% and Intel plunged more than 25% on Friday as the Nasdaq Composite dropped over 2%. Amazon reported third-quarter revenue up 12% to $201.9 billion and AWS growth of 39%, but kept its roughly $220 billion capital-spending forecast for this year, pushing free cash flow for the 12 months to September to negative $42.4 billion. Intel's revenue rose 21% to $16.5 billion, driven by a 78% jump in its data center and AI business, but its forecast of $15 billion to $16 billion for the fourth quarter and continued PC weakness disappointed investors. Alphabet had fallen 13% on Thursday over heavy spending, while Microsoft remained free-cash-flow positive and avoided the initial selloff.
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earningsAI investmentAMZNIntelNasdaq
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Related tickers and likely impact
AMZN
▼ Likely negativeAmazon
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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