The selloff in tech stocks is shifting into overdrive

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• Wall Street tech rout deepens on doubts over AI spending

  US tech giants' shares were battered on Friday after a week of earnings that left Wall Street questioning whether the AI spending boom is sustainable. Microsoft, Alphabet, Amazon and Meta are on track to spend more than $700 billion on capital investment this year, much of it on AI infrastructure, according to analyst estimates. Intel shares sank as much as 30 percent after a weaker-than-expected fourth-quarter revenue forecast, citing weak PC demand and manufacturing bottlenecks. Amazon shares fell after it missed third-quarter expectations, while Alphabet dropped 12 percent on Thursday, its worst day since the 2004 IPO, as search advertising weakened and one analyst called the returns on its AI investments 'not very good'. Steve Sosnick of Interactive Brokers said the tech stocks had been priced for perfection, so anything less than perfect could hurt them.

  Yahoo Finance·30/10, 14:56▼ NVDA▼ MSFT▼ QQQ▼ AAPLNVDAQQQMSFT
• AI Stocks Snap Back Ahead of Big Tech Earnings

  AI stocks received a much-needed boost. The timing coincides with a wave of key earnings reports.

  Yahoo Finance·26/10, 20:01▲ AMZN▲ GOOGL▲ META▲ MSFTtech stocksartificial intelligenceearnings
• AI Sell - off Exposes the Cost of Financing the Technology Boom

  Market focus is shifting from how fast AI will expand to whether AI infrastructure companies can earn enough profit to pay for it, as a tech sell-off exposes financing pressures. CoreWeave illustrates this: its shares fell 36% in a month, its bond yield rose to 16%, it has $50 billion in liabilities, and its second-quarter net loss widened to $626 million from $290 million a year earlier. The semiconductor index has fallen 19% over the past 12 trading sessions and is on course for its worst run since 2008. Goldman Sachs said its risk appetite indicator turned negative for the first time since March 2026, with money moving toward companies with stronger balance sheets, even as TSMC raised its outlook and ASML recorded record sales of €11.662 billion. According to Bloomberg data, the market has absorbed $450 billion in AI-related debt this year alone.

  slguardian.org·25/10, 09:30▼ NVDA▼ AMZN▼ GOOGL▼ METAartificial intelligencetech stocksNVDA
• Asian stocks head into weekend on a low as tech extends losses

  Asian stocks closed the week mixed as tech companies pared some of the week's heavy losses, while oil prices rose to their highest since late April as the Middle East conflict continued. Brent crude for December rose more than 3% to $116.72 per barrel, and US West Texas Intermediate jumped 3.8% to $103.27; on Wall Street, the Dow fell 1.2% and the Nasdaq slipped 0.2%. Investors have grown wary of massively expensive capital spending on AI data centers, and many now view that spending as a liability compared with six months ago. Kering shed more than 16% after its results failed to reassure investors about a turnaround at Gucci, while Volvo Cars plunged more than 24% after posting a third-quarter loss blamed on US tariffs and strong competition from local brands in China. Volvo Cars announced a 5-billion-kronor savings plan that would lead to about 2,000 job cuts in Sweden and 500 more globally.

  Yahoo Finance·23/10, 02:47▼ QQQ▼ NVDA▼ METAAsiatech stocksNVDA
• Meta, AI Stocks Tumble As AI Spending Fears Reignite

  Meta shares initially rallied after its earnings report before reversing sharply. The article attributes the move to concerns about AI spending.

  Yahoo Finance·22/10, 18:29▼ META▼ NVDA▼ MSFT▼ QQQMETANVDAAI investment
• Asian stocks back in retreat as tech mood sours again

  Global stocks mostly fell on Thursday as tech shares resumed their slide after mixed earnings from Wall Street giants, with rising oil prices adding to the pressure. Brent futures rose four percent to $113.17 a barrel after Iran's Revolutionary Guards threatened to strike American bases across the Middle East if the US military continues to escort ships through the Strait of Hormuz. Tesla shares fell 3.1 percent after it reported lower July-September profits and cut its capital spending forecast, Meta slid 7.0 percent after raising its AI spending estimates, and the Nasdaq Composite dropped 2.6 percent. An analyst pointed to strong demand for US Treasuries as a sign investors are seeking safety amid worries about AI-linked stocks, while South Korean chipmakers SK hynix and Samsung fell 5.5 percent and four percent, dragging Asian markets lower.

  Yahoo Finance·22/10, 02:41▼ QQQ▼ META▼ NVDAAsiatech stocksMETA

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• 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
• Why Arm Holdings Stock Plummeted by Nearly 10% Today

  Arm Holdings shares fell almost 10% in Friday's session amid a broad sell-off in semiconductor stocks. The trigger was Intel's third-quarter report: although revenue grew in double digits and its data center and AI unit gained substantially, its fourth-quarter guidance was unexpectedly weak, forecasting sequential declines in revenue, gross margin and non-GAAP earnings per share, well below analyst estimates. Many chip stocks fell heavily, with Intel's outlook seen as a warning sign for the sector. The author argues markets tend to overreact and that Arm faces risks from the current contraction in PC shipments and rising component costs, though its asset-light licensing model may leave it less exposed than Intel. The author says they are waiting for Arm's fiscal second-quarter 2027 results, scheduled for Wednesday, Nov. 4 after market close.

  Yahoo Finance·30/10, 23:44Arm HoldingssemiconductorsIntel
• Is Intel Stock a Buy After Its Post-Earnings Plunge?

  Intel shares fell sharply after hours on Thursday, from a $92.07 regular-session close to about $71, following third-quarter results. Revenue rose 21% year over year to $16.5 billion and adjusted EPS of $0.52 beat guidance, but the fourth-quarter outlook of $15.0–16.0 billion in revenue and $0.25 in EPS was weaker. Data center and AI revenue jumped 78% to $7.3 billion, while PC-related revenue fell 5% to $8.1 billion. Intel expects PC segment revenue to drop over 20% next quarter as industry PC units shrink about 12% in 2026 and 10% in 2027, and an accident that shut its Fab 28 plant in Israel also weighs on results. The author judges it is not yet time to buy, given the stock trades near 33 times expected 2027 earnings and the diluted share count is expected to be about 20% above the third quarter of 2025.

  Yahoo Finance·30/10, 23:34Intelearningssemiconductors
• Elon Musk 'trolls' over Binance hack, CZ bluntly says: 'I deeply respect you, please stop'

  Binance co-founder Changpeng Zhao (CZ) asked Elon Musk to stop 'trolling' the exchange after the SpaceX and Tesla CEO posted emoji that appeared to mock the cyberattack on Binance, which caused losses of 6.3 billion USD on October 29. CZ pointed out that Binance holds SpaceX shares worth over 1 billion USD, stemming from its 500 million USD investment in Musk's Twitter acquisition, though this is a tiny fraction of SpaceX's valuation of about 2,000 billion USD. The feud is not new: in November 2021, Musk called Binance's temporary suspension of Dogecoin withdrawals 'shady', and CZ responded by citing Tesla's recall of nearly 12,000 vehicles in the US.

  CafeF·30/10, 23:13▼ BNB/USDTcryptoBinanceElon Musk
• Jim Cramer says it's time to look beyond tech. Here are 4 consumer stocks he likes

  CNBC's Jim Cramer said investors seeking to diversify away from the struggling AI trade should consider consumer staples stocks. In October the Nasdaq-100 fell almost 7% as money rotated into defensive sectors, while the consumer staples index rose 11.4%. Cramer highlighted four stocks: Kimberly-Clark (up nearly 11% in October, under 15 times earnings, 4.7% dividend yield, with a pending merger with Kenvue); Procter & Gamble (up 11%, seen as attractive after better-than-expected quarterly results, though he prefers Kimberly-Clark's lower valuation and higher yield); Constellation Brands (up 20%, about 11 times earnings, yield above 3%, showing signs of a turnaround); and Coca-Cola (up 9%, after a strong quarter driven by volume).

  CNBC·30/10, 22:52Nasdaqconsumer goodsartificial intelligence
• Why Bright Horizons Family Solutions Stock Swooned on Friday

  Bright Horizons Family Solutions (BFAM) stock fell almost 18% on Friday after the child care company cut its 2026 guidance. For the third quarter, revenue of nearly $841.5 million rose almost 5% year over year, and adjusted EPS of $1.80 beat the $1.76 analyst estimate, though revenue missed the roughly $842.7 million consensus. Full-year 2026 revenue is now expected at about $3.07 billion, down from almost $3.09 billion to just under $3.12 billion, and adjusted EPS guidance was lowered to $4.98–$5.03 from $5.05–$5.15. Management attributed the cuts to an ongoing UK regulatory safeguarding notice and a softening child care market in Australia, which prompted an internal review of strategic alternatives for that business. The article notes the stock looks cheap on valuation metrics but needs growth from its full-service centers and a resolution of the Australia situation to draw renewed investor interest.

  Yahoo Finance·30/10, 22:40earningsregulationUK