Amazon shares fell 7% and Intel 25% in premarket trading on Friday after both reported September-quarter results that disappointed investors, pulling Nasdaq futures down 2%. Amazon missed expectations on both revenue and profit for the third quarter, though it kept its 2026 capital expenditure forecast at $220 billion, and its free cash flow was negative for a second consecutive quarter, far larger than the prior period. On Thursday, Alphabet shares closed 13% lower, their worst single-day drop on record, after it also reported sharply negative free cash flow. Investors are worried about whether the massive AI spending by tech giants will pay off, while Microsoft shares rose after it stayed cash flow positive in the September quarter.
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AMZNIntelearningsAI investment
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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% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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