Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings
Amazon and Intel shares plunged in premarket trading following disappointing quarterly results that intensified investor anxiety over massive tech spending on artificial intelligence. Amazon reported a third-quarter miss alongside continued negative free cash flow, while Intel issued weaker-than-expected guidance due to PC market softness. Alphabet shares also dropped significantly after reporting ballooning negative free cash flow, though market analysts suggested the heavy capital expenditures may be temporary. Open article →
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