Shares of MongoDB (MDB) fell 9.1%, Datadog (DDOG) 12.7%, Snowflake (SNOW) 9%, Bandwidth (BAND) 12.2% and DigitalOcean (DOCN) 10.8% in the afternoon session. The drop followed underwhelming earnings from Amazon and Intel, after mediocre reports from Alphabet and ServiceNow the previous day, which fueled concern over heavy AI infrastructure spending and cash burn. According to CNBC, investors are questioning when large data center and hardware investments will translate into revenue and profit growth, and the sell-off weighed on broader tech and hardware stocks. Datadog has had 41 moves greater than 5% over the past year, and its previous big move was a 5.5% gain seven days earlier, when cybersecurity stocks surged on a wave of AI-enabled cyber threats dubbed “Black October.”
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tech stocksartificial intelligencedata centersearningscybersecurity
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/30/2026 | 240.47 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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