It's hyperscaler spending, not Intel, dragging tech stocks lower

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• Big Tech Capex Scorecard: Amazon Spends Over $77B In One Quarter — How It Stacks Up With MSFT, TSLA, GOOGL

  Amazon's capex hit $77.3 billion last quarter, up 43% sequentially and $20 billion above LSEG-Reuters analyst expectations, pushing its stock lower. The quarter also saw a $7.6 billion cash burn, and Amazon forecasts $220 billion in capex this year. Microsoft lowered its full-year spending outlook to $170 billion from $175 billion, while Tesla cut its forecast to about $20 billion from $25 billion despite an 88% jump in quarterly capex to $4.7 billion. Tech and AI infrastructure stocks have fallen sharply over the past month, with SOXX down 9.6% and QQQ down 3.3%. CEO Andy Jassy said 2027 capex would be “meaningfully more” than this year, citing strong AWS demand and a “clear line of sight to attractive financial returns”; AWS sales rose 39% to $46 billion.

  Yahoo Finance·30/10, 05:16• AMZN• GOOGL• MSFT▲ NVDAAMZNAI investmentcloud computing
• Tech companies need more data centers. So why are nearly half of all planned projects delayed or canceled?k991fm.com·19/10, 22:00▼ NVDA▼ AMZN▼ GOOGL▼ METAdata centersartificial intelligencecloud computing
• Tech companies need more data centers . So why are nearly half of all planned projects delayed or canceled ?wpxi.com·19/10, 21:45▼ NVDA▼ AMZN▼ GOOGL▼ METAdata centersartificial intelligencecloud computing
• Jensen Huang Just Announced Fantastic News for Nvidia Stock Investors

  Nvidia CEO Jensen Huang said demand for neoclouds, providers that rent out compute power for AI, is 'off the charts,' but these companies may lack the working capital to fund their expansion. CoreWeave and Space Exploration Technologies (SPCX) also said demand exceeds what they can supply in the short term, and CoreWeave has raised more than $30 billion in debt and equity this year, equal to almost 91% of its roughly $33 billion market cap. The author says that if neoclouds secure funding through more borrowing or dilutive financing, they will keep buying Nvidia GPUs and Nvidia could benefit, while spending could fall if the AI boom slows.

  Yahoo Finance·31/10, 13:05▲ NVDANVDAAI investmentdata centers
• Amazon Just Lost $42 Billion in Free Cash Flow. Is It a Red Flag for Investors?

  Amazon posted strong growth in the quarter, with revenue up 17% to $201.9 billion after adjusting for foreign exchange and the Prime Day shift, and operating income up 61% to $28.1 billion. Yet the stock fell 1.4% in the regular session and tumbled about 7% after hours, as investors are skeptical of its massive AI-related capital expenditure, planned at $220 billion this year. In the third quarter alone, Amazon reported a free cash flow loss of $33.4 billion while spending $77.3 billion on property and equipment, and it has burned $42 billion in free cash flow over the last four quarters. The article says this equals 5.4% of trailing revenue, comparable to past cycle peaks such as 4.8% in 2022. Amazon forecasts 40% AWS growth over the next two years, and the author argues the spending could pay off through AWS.

  Yahoo Finance·30/10, 23:50▼ AMZNAMZNAI investmentdata centers
• Big Tech Holds $3 Trillion in Spending Commitments for AI Boom

  The five largest data center spenders, Alphabet, Meta, Microsoft, Amazon and Oracle, have together committed more than $3 trillion in spending over the coming years, according to Bloomberg. Alphabet holds the largest share, with more than $1 trillion in commitments covering technical equipment, energy and leases, nearly eight times its level a year earlier. Meta has disclosed more than $800 billion in future spending, with a bit under half tied to data center leases that have not yet started and that may run as long as 30 years. The figures are hard to compare directly because each company discloses differently, and some commitments, such as Meta's consumer hardware or Alphabet's and Amazon's content licenses, are not strictly tied to data centers. Across the companies, future lease commitments total $1.3 trillion and other purchase commitments total $1.9 trillion.

  Yahoo Finance·30/10, 19:25▲ NVDA• MSFT• AMZN• GOOGLAI investmentdata centerscloud computing

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  Attackers drained about $6.4 billion from Binance on Thursday, according to Chainalysis and TRM Labs, more than four times the previous record, the $1.5 billion Bybit heist in February 2025. Funds were pulled from Binance hot wallets across roughly 10 blockchains, mostly within about 20 minutes; Binance says the attack targeted its own infrastructure rather than the blockchains, and it has found no evidence that private keys were leaked. TRM Labs and Chainalysis both attribute the attack to TraderTraitor, a North Korean state-linked group. Binance says it will cover all losses with company funds and its Secure Asset Fund for Users, having set aside more than $6.34 billion, and has paused withdrawals to rebuild and retest its systems, aiming to restore them by Sunday. Tether and Circle have frozen roughly $3 billion in related assets, while Elliptic estimates the attacker still controls around $3.3 billion.

  Decrypt·31/10, 15:01▼ BNB/USDTBinancecryptocybersecurity
• Proposal to raise maximum fine to 1.5 billion VND to ensure deterrence

  The government has submitted to the National Assembly a draft amendment to the Law on Handling of Administrative Violations, proposing to extend the statute of limitations to 2 or 3 years in some fields and raise maximum fines to 1.5 billion dong for individuals and 3 billion dong for organizations. Deputy Vu Van Tien says higher fines are needed to punish deliberate, illegally profitable or high-impact violations, but must be proportionate, especially for household businesses and small enterprises. Lawyer Pham Ngoc Thanh supports stronger enforcement but argues increases should not be applied across the board, since deterrence also depends on detection, timely handling and enforceability. He says the legal maximum should be distinguished from the fine applied to each specific violation, and that actual financial capacity must be considered, as a fine that is minor for a large company may exceed what a small operator can pay. In areas such as food safety, environmental protection and counterfeit goods, fines must be high enough that violators do not treat them as a business cost when the gains from violations are larger.

  CafeF·31/10, 14:55regulationVietnambusinesses
• The Nasdaq 100 Briefly Fell Into a Correction as the AI Trade Cracks

  The Nasdaq-100 briefly fell below the correction line (10% below its October 6 record close of 31,224.47) during the October 30, 2026 session as chip stocks slumped, but climbed back above it before the close and finished down 3.46% at 28,384.85. Intel fell 28.6% after guiding fourth-quarter revenue to $15–16 billion, below the $16.5 billion just reported, and the Philadelphia Semiconductor Index dropped 7.2%. NVIDIA fell 4.2% to $204.64 and Invesco QQQ lost 3.47%, while the VIX closed at 19.41 after touching 23.93, suggesting selling eased by the close. Investors are questioning whether hundreds of billions of dollars in AI data center spending will pay off, though Amazon still expects roughly $220 billion in 2026 capex. It is the third time in 2026 the index has fallen more than 10% below a record; the two earlier breaks reversed into new records, and the key level to watch is a close below 28,093.24.

  Yahoo Finance·31/10, 14:54▼ NVDA▼ QQQ▼ AMZN▼ GOOGLNasdaqsemiconductorsAI investment
• Oklo Is 86% Below Its All-Time High. Should You Buy at $27 or Wait?

  Oklo shares trade at $27, down 86% from an all-time high of roughly $194, after surging in 2025 on enthusiasm for nuclear power to meet AI demand. The company is developing the small modular Aurora reactor but is still awaiting regulatory approval, a process that has been ongoing since 2016, and it has generated little revenue. The author argues that at $27 the company is in much the same position it was at $194, with no approval and no operating plant, though the price is lower. With a market valuation of roughly $5 billion, the author does not consider it a bargain and suggests investors may prefer to wait for the story to play out, since meaningful revenue is probably years away.

  Yahoo Finance·31/10, 14:46Oklonuclear energyvaluation
• Is AbbVie a Buy After Its Latest Earnings Report?

  AbbVie reported third-quarter revenue of $17.4 billion, up 10.3% year over year, and adjusted EPS of $3.82, beating the midpoint of its guidance by about $0.07. Excluding costs tied to acquiring experimental drugs, adjusted EPS rose about 17%, from $3.36 to $3.93. Skyrizi and Rinvoq grew 22.7% and 23.9% and together made up 48.7% of revenue, while Humira sales fell to $683 million from $993 million. The company modestly raised full-year adjusted EPS guidance to $13.95 to $13.99 and increased its quarterly dividend 5.2% to $1.82, starting in February. The author remains bullish on AbbVie's long-term prospects but says its current valuation makes the 2027 guidance, due with fourth-quarter results, especially important.

  Yahoo Finance·31/10, 14:37AbbViepharmaceuticalsearnings
• If a Bear Market Is Coming, History Says These Stocks Could Be the Smartest to Own

  The article argues that bear markets are a normal part of investing and that preparing before a downturn is key. It highlights Johnson & Johnson, Medtronic, Coca-Cola and Procter & Gamble as stocks to consider because they operate in economically resilient industries and have long dividend records. Yields cited are about 2% for J&J, 3% for Medtronic, 2.2% for Coca-Cola and 2.7% for P&G, with Coca-Cola's organic sales up 6% in Q2 2026 and P&G's up 4% in fiscal Q1 2027. A chart in the article shows that during the Great Recession, consumer staples and healthcare fell less than the broader market and recovered more strongly afterward. The article notes that past performance does not guarantee future results.

  Yahoo Finance·31/10, 14:35• QQQ• SPYbear markethealthcareconsumer goods