This roundup of stocks behind today's market moves highlights Intel, whose shares plunged after the chip maker issued underwhelming earnings guidance.
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Original headline: Intel, Amazon, Nvidia, ExxonMobil, Sandisk, FedEx Freight, and More Stocks That Explain Today’s Market
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- BC-Most Active Stocks
AP's list of the most active Nasdaq stocks for Thursday, October 29, 2026 shows Inlif Ltd. leading with 176,870,090 shares traded, followed by Robin Energy Ltd. with 67,774,298 shares. Alphabet appears twice in the ranking, with 45,458,505 and 31,129,255 shares traded, while GOOG fell 12.01% and the Nasdaq Composite dropped 1.32%. Other heavily traded names include Intel, Amazon, NVIDIA and Microsoft.
- Investing.com’s stocks of the week
Alphabet plunged 12.6% on Thursday, its worst single-day performance, after third-quarter earnings fell short of expectations, and Citizens downgraded the stock to Market Perform. Intel fell 30.3% on Friday despite a third-quarter beat, as fourth-quarter revenue guidance of $15 billion to $16 billion came in below the $17.08 billion analysts expected; Bank of America downgraded it to Neutral. Amazon slipped 2.2% to $238.27 after missing on both revenue and profit, while ServiceNow and Fortinet fell 27% and 20.1% on Thursday. Coinbase dropped 13.4% on Friday to a more than two-year low, weighed by the Binance hack that saw $6.36 billion stolen, the largest crypto theft on record.
- Jim Cramer reveals 3 stocks to buy — plus, why he is not selling the Intel plunge
The Nasdaq fell more than 2% on Friday as post-earnings declines in Amazon and Intel weighed, and is down 4.7% for October so far. Jim Cramer said he cannot justify selling Intel after its 28% drop on Friday, admitting he used poor judgment on the recent secondary offering, which CEO Lip-Bu Tan bought heavily into; Intel stock is still up nearly 80% year to date. He sees Amazon as a buy because things there are much better than they appear, and considers Starbucks a buy for its higher growth, with its drop of more than 2% possibly reflecting profit-taking after a strong run. FedEx Freight (FDXF) rose more than 13% after strong earnings, and Cramer views FedEx as a buy, though he may not chase its nearly 3% gain on Friday.
- Intel vs. Nvidia: Flat Trends vs. Rapid Expansion in Revenue
Intel grew revenue 25% in its latest quarter, far behind the 106% year-over-year rise Nvidia posted in its most recent quarter. Intel has begun installing specialized production tools at a new Arizona facility and faces a major lawsuit before the U.S. Supreme Court over the management of its employee retirement investment plans. Nvidia committed $1 billion over five years to independent scientific research and expanded its share repurchase authorization by $150 billion. The article notes that Nvidia faces charges of circular financing, while Intel's 18A process and improving foundry outlook could signal that its revenue struggles are ending. Intel trades at 59 times forward earnings versus 23 for Nvidia, and the article argues Nvidia's faster growth at a lower valuation still stands unless Intel's rebound continues or the financing concerns materialize, in which case investors would need to revisit the comparison.
- Intel Corporation $INTC Stock : Madrona Financial Services LLC Grows Position
Madrona Financial Services LLC raised its stake in Intel Corporation (NASDAQ:INTC) by 356.7% in the third quarter, to 11,294 shares after buying 8,821 more, worth $1,358,000 according to its SEC filing. Institutional investors and hedge funds hold 64.53% of the company's stock, and INTC opened at $86.96 on Friday, up 1.7%, with a market capitalization of $438.63 billion and a one-year low and high of $32.89 and $142.35. In its latest quarter, Intel reported EPS of $0.42, above the consensus estimate of $0.21, and revenue of $16.13 billion versus $14.43 billion expected, up 25.2% year over year, although its net margin was negative at 19.79%. Erste Group raised its fiscal 2027 EPS forecast to $1.59 from $1.56. Risks noted include Intel's third-quarter outlook for adjusted EPS of $0.38, analyst doubts about its foundry yields and scale, and Nvidia's expansion into CPU markets.
- Intel (NASDAQ: INTC) Stock Price Up 1.7% – Here's Why
Intel shares rose 1.7% on Friday, trading as high as $87.87 and last at $86.96, versus a prior close of $85.49. Mid-day volume was 71,560,092 shares, down 38% from the average of 115,776,344. Supportive news included an FCC waiver allowing Intel to keep using foreign-made robotic devices and Wedbush's view that its Arizona chip plant could provide a potential boost. Investors are positioning ahead of the October 29 quarterly report, where strong server-CPU demand and recent price increases are cited as possible drivers, while Erste Group raised its fiscal 2027 EPS forecast to $1.59 from $1.56, above the consensus of $1.05. Risks include a third-quarter adjusted EPS outlook of $0.38, below the prior quarter's $0.42, analyst questions about foundry yields and scale, and Nvidia's expansion into CPUs. MarketBeat data shows a consensus rating of 'Hold' and an average target price of $107.73.
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Latest news
- Anthropic turns profitable but could go back into losses: Seaport analyst
Seaport Research Partners analyst Jay Goldberg views Anthropic's operating profit of almost $1 billion as likely temporary. He said the company has warned it may be profitable in the next quarter or two before returning to losses, as it shifts from leasing computing capacity by the hour from Amazon to building its own compute, which it considers a key competitive advantage and will spend heavily on. Goldberg described the relationship with Amazon (AMZN) and Google (GOOG, GOOGL) as complex, since Anthropic is both a major customer, with a large share of Amazon's AI revenue coming from it, and a potential competitor. He does not think conclusions about Anthropic can be drawn from this week's tech market moves, citing interest rates and an ongoing war. Anthropic's computing bill is falling quickly, which is good news for now, but that is expected to reverse as it starts buying its own compute.
- Why GE Vernova Stock Fell on Friday
GE Vernova shares fell as much as 4.9% in Friday's trading despite strong third-quarter results, with revenue up 27% year over year and orders surging 96% organically, amid an AI infrastructure stock sell-off. Backlog rose $20 billion to a record $197 billion, and management expects it to top $200 billion in the fourth quarter. The company will acquire Trench Group for $9 billion, funding half the price with debt, and several analysts cut price targets, including TD Cowen to $1,125 from $1,235 and Jefferies to $1,100 from $1,185. The analysts are not bearish on the stock but are concerned about conversion timing and limits on margin expansion. Management raised full-year guidance, lifting free cash flow at the midpoint to $16.5 billion from $12 billion, and doubled its buyback authorization to $20 billion.
- Orezone Files Technical Report for the Casa Berardi Updated Life-of-Mine Plan
Orezone Gold has filed the NI 43-101 technical report supporting the updated Life-of-Mine Plan for its Casa Berardi mine in Quebec, Canada, which was previously announced on September 15, 2026. The report, a Preliminary Economic Assessment with an effective date of June 30, 2026, is available on SEDAR+ and the company's website. Orezone states there are no material differences between the report and the results disclosed in the earlier news release. The company notes that Casa Berardi, which it recently acquired, has produced over 3.2 million oz of gold to date.
- Evercore ISI downgrades Reddit, says monetization may not offset traffic weakness
Evercore ISI downgraded Reddit to In Line from Outperform and cut its price target to $120 from $265 after the company's third-quarter results beat estimates but warned of declining traffic due to AI search summaries. Analyst Mark Mahaney said U.S. daily active users fell 2% year over year, and management warned global daily active users could drop by a low-double-digit percentage in the fourth quarter from about 130 million if search-referral losses continue at October's pace. Revenue rose 53% to $895 million and adjusted EPS was $1.40, but fourth-quarter guidance had a midpoint of $1.015 billion, below the $1.05 billion Wall Street estimate, and shares fell more than 29% on Friday. Evercore still views monetization positively but is less confident that it can offset pressure on user growth.
- 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.
- Former SEC Chair: Broadcom's $63 Billion Package Feels Like "That 08 Off-Balance Sheet Craze"
Broadcom has put together a $63 billion package so Anthropic can buy its chips, and banks plan to sell as much as about $21 billion of high-grade bonds from it as soon as early next year. Former SEC Chair Gary Gensler compared the package to the off-balance-sheet deals of 2008 and raised concerns about guarantees written by Broadcom, NVIDIA and AMD. Broadcom provides residual value support on the $42 billion of senior debt, which costs it if the chips are worth less than what is owed. Anthropic is both Broadcom's growth driver and its credit risk, as its run-rate revenue passed $30 billion while its IPO filing showed steep losses. Broadcom trades at 20x forward earnings, near its three-year low, and the author says some of that risk is already reflected in the price.
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