Several technology stocks fell in the afternoon session after disappointing earnings from Amazon and Intel, which followed mediocre reports from Alphabet and ServiceNow the previous day. According to CNBC, investors grew wary of heavy AI spending on data centers and computing hardware and of sustained cash burn, and questioned when these investments would translate into revenue and profit growth. AppLovin (APP) fell 8.4%, Shopify (SHOP) 6.8%, F5 (FFIV) 6.6%, 8x8 (EGHT) 6.2%, and Elastic (ESTC) 5.9%. AppLovin has had 53 moves greater than 5% over the past year; its previous big move was a 5.2% gain 15 days earlier, when software and tech equities rebounded as falling Treasury yields drew buyers back after an AI-driven sell-off.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
earningsAI investmentdata centerssoftwareIntel
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- NVDA Stock Drops: Nvidia May Back Data Center Loan Its Own Customer, Analyst Sees Little Impact From Intel’s Weak Report
Nvidia shares fell 2% in overnight trading amid a broad selloff in AI infrastructure stocks, following mixed reports from Intel and Amazon. Bloomberg reported that Nvidia is in talks to provide credit support for an Nscale data center in West Virginia that Anthropic plans to use, while Nscale is pursuing an IPO with a $30 billion target that some investors have pushed back on. Intel plunged 23% after forecasting December-quarter sales and profit below expectations, while AMD fell 6.4% and Micron 3.4%. Deepwater Asset Management's Gene Munster said Intel's weak outlook should not be extrapolated to Nvidia, as the main issue is PC demand, and noted that Meta and Alphabet expect significantly higher capex. Nvidia stock is up 15% year to date.
- AMD Stock Fell 11% in a Day Ahead of Its November 3 Report. Here's Why Intel's 78% Data Center Jump Matters More to AMD Than Its PC Warning
AMD fell 10.88% to $504.80 on October 30, days before its November 3 report, after rival Intel guided fourth-quarter revenue to $15.0–16.0 billion and its shares closed down 28.58%. Intel's client and physical AI group fell 5% to $8.1 billion and it expects client revenue to drop more than 20% from the third quarter, while its data center revenue rose 78% to $7.3 billion. AMD's data center revenue more than doubled to $6.7 billion in the second quarter, making up 58% of its revenue, while client revenue rose 23% to $3.1 billion. The article notes a memory-driven PC slowdown into 2027 could weigh on roughly a quarter of AMD's revenue, and that its $8.2 billion all-stock purchase of World Labs will add shares.
- Intel’s stock crashes, knocking $12B from government’s stake
Intel's stock crashed around 28% on Friday, one of its worst days ever, after the chipmaker forecast weaker fourth-quarter results: revenue of $15–16 billion versus analysts' expected ~$17 billion, gross margin falling to 37% from 43%, and no positive cash flow. The drop cut $12 billion from the value of the government's 10% stake, bought under the Trump administration over a year ago. Intel is still up more than 70% this year, though well below its summer highs. CEO Lip-Bu Tan said customers signaled a PC slowdown due to rising memory prices and limited availability, while data center revenue grew 78% year over year. Intel's new Arizona fab is operational, but the next one isn't expected until 2028.
- Stock Market Today, Oct. 30: Intel Plunges Nearly 29% as Weak Outlook Rattles Wall Street
Intel shares plunged 28.58% to close at $65.76, one of the steepest single-day declines in decades, despite the company beating quarterly earnings expectations. Investors reacted to weak fourth-quarter guidance citing softer PC demand, manufacturing constraints and ongoing turnaround spending. Trading volume reached 447.8 million shares, about 314% above the three-month average of 108.1 million. Intel’s Data Center and AI revenue rose 78% year over year to $7.3 billion, suggesting demand for data center infrastructure remains robust. AMD fell 10.88% to $504.80 and Nvidia dropped 4.22% to $204.64, while the Nasdaq Composite closed at 25,437, down 2.86%.
- Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Intel shares plunged nearly 30% to $65.76 on Friday, wiping out more than $146 billion in market value in the worst single-day decline in over 50 years, after the chipmaker forecast fourth-quarter revenue of $15 billion to $16 billion, below the $17.07 billion Wall Street expected. Its third-quarter results were strong, with revenue up 21% to $16.5 billion and Data Center and AI revenue reaching $7.3 billion, up 78%. However, Intel forecast adjusted EPS of $0.25 versus the $0.43 estimate and a non-GAAP gross margin of 38%, down from 44.1%, citing weak PC demand, server chip manufacturing constraints and an accident at an Israel factory. CFO Dave Zinsner called 2027 an investment year and warned that positive free cash flow is probably not likely next year, as Intel spends heavily on manufacturing expansion.
- Intel stock nosedives after posting weak Q4 forecast
Intel (INTC) forecast for the final three months of the year came in below Wall Street estimates, and its stock fell as much as 26%. Adjusted EPS beat estimates and revenue was roughly in line, while data center revenue of 7.32 billion topped expectations of 6.68 billion and rose 78% year over year. The weakness centered on the PC market, prompting questions about whether demand will recover and how memory price increases will affect the business. One commentator compared the outlook miss to Boeing's weak third quarter, saying Intel's leadership did not see it coming and needs to tighten up, though it has built goodwill with investors.
Related markets
Latest news
- Good News on Electricity Prices and Fuel Excise Tax
Deputy Prime Minister Nguyễn Văn Thắng said the Government has directed Vietnam Electricity (EVN) to cut costs in order to reduce retail electricity prices by about 2% until 31 March 2027. From November to year-end, about 4,000 billion VND is planned for cutting the special consumption tax on petrol from 7% to 0%, on top of about 64,000 billion VND in fuel tax and fee reductions since the start of the year. GDP grew about 9.01% in the first nine months despite oil prices above USD 110 per barrel and additional US tariffs; reaching the 10% annual target requires 12.5% growth in Q4. Average CPI rose 4.52% in the first nine months, and the petrol tax cut and electricity price reduction are expected to create about 0.07 percentage points of room to keep inflation within the National Assembly's 4.5% target. As of 29 October, public investment disbursement exceeded 720,000 billion VND, above 75% of plan; full disbursement is expected to add about 2.5 percentage points to Q4 growth.
- Addressing Gaps in Business Travel Cost Control for Vietnamese Companies
According to GBTA, global business travel spending is forecast to reach 1.71 trillion USD in 2026, up 7.2%, while trip volume grows only 1.3%, and is expected to pass 2 trillion USD by 2030. In Vietnam, business travel spending is forecast to reach 6.0 billion USD in 2026, up 13.2%, the fastest growth in Southeast Asia, with the top five economic sectors accounting for 50.2% of the total. A GBTA survey found that 46% of employees use personal cards to earn better rewards, 40% said the reimbursement process takes too long, and 27% waited a long time to receive a corporate card after approval. At a forum in Ho Chi Minh City organized by Visa, speakers argued that companies should shift from post-trip audits to controlling spending at the point of decision and payment, by linking payment tools, policies and spending data.
- Down 33.3% This Year, Is Netflix the Best Value Stock to Buy in November?
Netflix shares are down 33.3% year to date at the time of writing and have lost 4.4% over the past five years, while the S&P 500 returned 80% in total over the same period. Netflix trades at 17.5 times forward earnings, a discount to the S&P 500's 18.7 forward price-to-earnings ratio, even as its earnings and sales keep rising. The article explains that Netflix has shifted from a growth stock to a value stock, as it stopped reporting quarterly subscriber numbers and average revenue per subscriber in 2025, and investors appear concerned about whether growth will slow. The author argues that Netflix's predictable subscription revenue and profitability focus can sustain its streaming leadership, and considers it one of the best value stocks available now.
- Here's Why I'm Buying Bitcoin Right Now
Bitcoin rose more than 40% in the third quarter and has drawn renewed attention from top investors, though it remains down 37% from its all-time high of $126,000 reached in October 2025. The author cites a JPMorgan Asset Management forecast of 10% annualized gains for Bitcoin over the next decade, versus 7.5% for stocks, 6% for bonds and 5.5% for gold. He argues Bitcoin's lack of correlation with major asset classes can help diversify portfolios during stock downturns, and that institutional adoption has grown since 2021 through ETFs, treasury companies and corporate holdings, with sovereign governments a possible next source of demand. Even if Bitcoin's price gains are less dramatic, he says he is comfortable with it becoming a more mainstream asset, and that he is focused on buying it right now.
- Reddit (and everyone else) faces a bleak internet without Google traffic
Reddit said search referral traffic from Google fell meaningfully in the last quarter as Google's shift to AI Mode and AI Overviews stopped sending users to sites, and its stock dropped 30% on Friday. CEO Steve Huffman said people still want Reddit but Google is no longer sending them there as before, and Reddit plans to require all users to create accounts and sign in to access the site. Alphabet lost almost $500 billion in market value after reporting a slowdown in its core search advertising business, partly due to lower profitability of AI ads. Other publishers are turning to subscriptions and partnerships with AI companies, while Google maintains that its AI efforts will create a more profitable business model. Google's P/E ratio has fallen to levels not seen since 2012.
- MB SME: Connecting Leaders on the Court and in Business
MB will host the MB SME CEO MEET 2026 – The Champs Meet The Champs in Hanoi on 27/10/2026, featuring Hayden Patriquin and leading international pickleball players alongside about 500 guests, including 150 representative SME CEO clients. The event includes Pro-Am matches, meet & greets, CEO Networking and Business Matching to expand business relationships and cooperation opportunities. From 21/10/2026, MB applies a loan interest rate reduction of 1.5–2% per year for new disbursements in five priority industry groups, subject to program conditions. Eligible clients at the event can access the SME Premier package worth up to 220 million VND, while MB aims to connect its more than 400,000 SME customers within its ecosystem.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.