Nasdaq futures pointed to a drop of more than 2.5%, while Intel fell more than 25% premarket after weak guidance tied to high memory prices in its PC business, and Bank of America downgraded Intel to hold. Amazon fell nearly 7%, which the author calls excessive, as CEO Andy Jassy said AWS could grow north of 40% in each of the next two years. Alphabet had its worst day ever as Gemini lags behind leading AI chatbots. Baird raised its Starbucks price target to $120 from $115, Wells Fargo raised Centene's to $75 from $69, and AstraZeneca rose 6% after beating quarterly earnings and revenue. Marvell fell more than 13% in the prior session, while BofA removed Apple from its best ideas list but kept a $370 price target.
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Jim CramerNasdaqIntelAMZNApple
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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