Intel fell about 4% to $92.04 ahead of its Q3 2026 report after the close, extending a 20% drop over the past month, after Elon Musk's Terafab confirmed talks with Taiwan Semiconductor about a dedicated fab, undercutting Intel's position as a central foundry partner. Intel Foundry revenue rose 31% to $5.76 billion in Q2 2026, but the unit still posted a $2.1 billion operating loss, and Bernstein models Q4 2026 revenue below consensus on weaker PC demand. Alphabet fell 12% to $284.82 after Q3 revenue of $127.58 billion, up 24.6%, slightly missed expectations, and EPS of $2.12 trailed the $2.97 consensus due to an $8.7 billion equity securities loss, while capex of $51.36 billion pushed free cash flow to negative $9.07 billion. Microsoft edged down 1% to $524.40 even as adjusted EPS of $4.89 beat the $4.72 consensus.
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
MSFT
▼ Likely negativeMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 531.01 |
| Change that session | -0.06% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.61 |
| Change that session | +0.60% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.31 |
| Change that session | +0.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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