Chip stocks fell across Asia, Europe and the U.S. in premarket trading on Friday after Intel's weak fourth-quarter forecast and Amazon's results revived concerns about AI spending. Intel was down about 25.5% to around $68.61 premarket, even though it beat third-quarter estimates with adjusted EPS of $0.52 and revenue up 21% to $16.5 billion. Its fourth-quarter revenue forecast of $15 billion to $16 billion and adjusted EPS outlook of $0.25 both fell short of analyst expectations of $17.08 billion and $0.44. Amazon fell about 6.3% after missing on revenue and earnings, though it kept its 2026 capex forecast at $220 billion. AMD, Nvidia and Broadcom dropped about 8.2%, 2.9% and 3.8% premarket, while SK Hynix closed 7.1% lower in Asia and ASML fell more than 5% in Europe.
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semiconductorsNVDAIntelAI investment
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Related tickers and likely impact
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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