Amazon and Intel earnings misses deepen AI bubble fears, tech stocks slide
nordicinst · x · 2026-10-30
AFP reports that another round of disappointing earnings from Wall Street titans has deepened concerns about the AI investment boom, sending AI-linked tech stocks sharply lower on Friday.
- Amazon missed analyst expectations on both profit and revenue
- Intel fell short on expected income due to weak PC processor demand and supply-chain issues
- A day earlier, Alphabet reported soft advertising and search revenue growth while signaling higher capex
- Traders also watched bitcoin tumble after the world's largest crypto exchange suffered what analysts warn could be the biggest hack of its kind
The core concern cited: not that AI demand has already slowed, but when massive AI spending will pay off.
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