Nasdaq-100 futures fell 2.29% and S&P 500 futures 1% in early premarket trading on Friday after Amazon and Intel results sparked a tech sell-off. Amazon shares dropped 7.1% after revenue came in below analyst estimates, with negative free cash flow of $42.4 billion and its 2026 capex projection of $220 billion unchanged. Intel plunged nearly 26% on a disappointing current-quarter forecast citing PC market weakness, while Nvidia slipped 2.7% after Bloomberg reported talks on credit guarantees for an Nscale data center that Anthropic plans to use. Reddit fell about 22% after its CEO flagged declining referral traffic, while Rivian rose over 9% after raising its full-year delivery forecast. Brent crude rose 2.21% to $117.42 a barrel and WTI 2.04% to $104.98 on supply concerns after Houthi attacks on Saudi Arabia intensified.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US futures dip as AI sell - off returns and oil prices rise sharply
- Stock market today: Dow, S&P 500, Nasdaq futures mixed as the AI trade rebounds
US stock futures were mixed on Monday, with Dow futures down 0.1%, S&P 500 futures up 0.5%, and Nasdaq 100 futures up more than 1%, as tech led a rebound after all three major indexes ended lower on Friday. The Nasdaq had its worst week since June, while the S&P 500 rose after a nearly 2% drop the previous week. Nvidia and AMD led semiconductor shares higher, and CoreWeave was set to open higher after AI financing worries pressured it last week. Investors are looking ahead to Netflix's results after Tuesday's close and to Tesla and Meta earnings on Wednesday. Brent crude was at $108 per barrel after Ukraine struck Russian oil facilities and tankers were attacked in the Middle East, while West Texas Intermediate fell to $98.
- What's behind the AI trade comeback — plus, our take on Intel's latest deal
Stocks rose again Tuesday as AI infrastructure names extended their rebound from last week's sell-off, with the Nasdaq up over 1% while the Dow was flat after Boeing fell over 9% following a statement that it won't significantly ramp up 737 Max production until late next year. The market grew more comfortable with AI funding concerns after Anthropic filed for an IPO, Meta upsized its common stock offering to $25 billion, and Broadcom secured $63 billion in financing for Anthropic to buy AI accelerators and networking solutions. Intel agreed to buy Classiq, a quantum computing software provider, reportedly for about $2.3 billion, and its shares rose 3.5%. The author says he would prefer Intel put its $20 billion stock offering proceeds toward expanding 14A foundry capacity, though he trusts CEO Lip Bu Tan's discipline. Hyperscale earnings from Alphabet, Microsoft and Amazon are the next catalyst, and Intel reports Thursday evening.
- Intel and AMD Drop 3% as Rotation Out of AI Chip Stocks Continues; NVIDIA Holds Steady
Intel fell 3% to $92.60 and AMD fell 3% to $544.74 in morning trading as investors continued rotating out of AI chip stocks over doubts about how AI infrastructure spending will be financed. The iShares Semiconductor ETF fell 2% and the Invesco QQQ Trust 0.9%, while NVIDIA rose 0.4% to $218.10. The article says Intel's revenue is recovering, with its CEO calling growth its strongest in many years and gross margin improving sharply, but its foundry unit still posts a large operating loss from heavy manufacturing spending. AMD, by contrast, outsources production and relies mainly on its data center business for most of its revenue. The author suggests shareholders, especially of Intel, consider keeping position sizes modest until the foundry question is resolved.
- Stock Market Reels From 2 World-Changing Factors
- Stock Market Today: Dow Dips As Oil Jumps, Nasdaq Pops; Amazon Stock Rallies On This
Related markets
Latest news
- Proposal to pilot gold certificates
Delegate Lê Hoàng Anh proposed piloting gold certificates and other channels to direct capital into the economy, noting that households hold about 500 tonnes of gold while the economy relies heavily on bank credit, at around 155% of GDP. He argued the problem is not a shortage of capital but of channels: household deposits exceed 11.2 million billion VND, while corporate bonds total only about 11% of GDP, short of the 20% target for 2025. He also proposed linking household savings to businesses through voluntary pension funds and open-ended funds, and lending based on data and cash flow instead of land as collateral. The State Bank of Vietnam said in an early-October report that it has not set up a gold exchange for now and will keep refining the proposal. The 2027 plan targets GDP growth of 10% or more, CPI inflation of about 4.5%, and total state budget revenue of about 3.33 million billion VND.
- Gold price today, Friday, October 30, 2026: Gold slips below $4,000 as Mid-East concerns mount
December gold futures (GC=F) opened Friday, October 30, 2026 at $4,033.60 per troy ounce, up 0.1% from Thursday's close, but slid to $3,986.20 by 7:04 a.m. ET and dipped below $4,000 amid instability in the Middle East. Markets also weighed the expectation that the U.S. could ramp up attacks after the mid-term elections next week. On Friday a tanker in the Strait of Hormuz was hit by explosive devices attached by a small boat, according to UKMTO, and it was not immediately clear who was behind the attack, while Brent crude rose to $113.49. Gold was down 0.2% over the past week and 4.3% over the past month, but up 2.3% over the past year. The article also lists gold allocations suggested by five experts, ranging from 0% to 20% of a portfolio.
- Marvell in advanced talks to buy Nvidia-backed Lumentum – report
According to Bloomberg, which cited unnamed sources, Marvell Technology is in advanced talks to buy Lumentum Holdings in an all-stock deal that could be announced as soon as next week, though the talks could still end without a transaction. Marvell is valued at around $196 billion and Lumentum at about $85 billion; if completed, the deal would give Marvell more control over optical technology used in AI data centres. Lumentum makes lasers and optical components for high-speed data transfer, and its CEO Michael Hurlston said its products are sold out through early 2029 and it may be unable to meet about 70% of demand for some products next year. Marvell already buys lasers from Lumentum, and an acquisition would give it more direct access to optical technology and manufacturing capacity.
- Hoa Phat board member plans to sell some HPG shares
Independent board member Đặng Ngọc Khánh of Hòa Phát Group (HPG) has registered to sell 100,000 HPG shares through matched orders between November 4 and December 3, 2026, citing personal financial needs. After the sale he would hold 450,000 shares, down from 550,000, or about 0.005% of charter capital; at the October 30 closing price of 21,000 dong per share, the proceeds would be about 2.1 billion dong. In the third quarter of 2026, Hòa Phát posted revenue of 62,669 billion dong, up 70% year on year, and after-tax profit of 8,265 billion dong, up 106%. For the first nine months, revenue reached 171,539 billion dong and profit 23,746 billion dong, having completed 82% of its full-year revenue target and 108% of its profit target. The group produced 3.7 million tonnes of crude steel in the quarter, up 85% year on year, and paid 12,038 billion dong to the state budget across 20 provinces and cities.
- Hoa Sen Group earns VND 623 billion in after-tax profit in fiscal 2025-2026, reaching 104% of plan under the high-case scenario
Hoa Sen Group (HSG) has announced its fourth-quarter and cumulative results for fiscal year 2025-2026 (from 01/10/2025 to 30/9/2026). Consolidated output reached 1,794,500 tons, 97% of plan; consolidated revenue reached 37,736 billion VND, 102% of plan; and consolidated after-tax profit reached 623 billion VND, 104% of plan under the high-case plan. Book value was about 14,735 VND per share as of 30/9/2026. Domestic demand is improving on public investment and infrastructure, but competition is rising due to excess domestic steel supply, high raw material costs and high interest rates, while exports face trade protection tendencies and trade defence measures. The group operates 9 factories and over 400 branches and stores domestically, with a business network in 100 countries and territories, and is developing the Hoa Sen Home building materials and furniture supermarket system through a company established in January 2026.
- AI could hit consumers’ ability to manage their debt. Here’s the trade.
The article says that if AI causes workers to lose their jobs, households would face credit stress. This could affect consumers' ability to manage their debt.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.