Amazon, Intel shares crash up to 25% in premarket trade as AI spending concerns trigger tech sell-off - What's next?
Mint 1 hr ago·30 Oct 2026, 12:37 pm
A sharp selloff in major US technology stocks is underway, with Amazon and Intel leading the decline. Both companies reported weaker-than-expected business outlooks, sparking immediate concern among investors. The broader market is also feeling the pressure, with chipmakers and other tech giants seeing significant drops in premarket trading.
This sell-off is largely driven by worries over the high cost of Artificial Intelligence (AI) infrastructure. Investors are questioning whether the massive investments required to build AI capabilities will eventually eat into the profits of these major technology companies. The focus is now on whether these companies can maintain strong cash flows while funding their ambitious AI growth strategies.
Investors should watch for upcoming earnings reports from other major tech firms to gauge if this trend is widespread. The market is currently assessing the balance between necessary innovation and financial sustainability in the tech sector.
Excerpt from Mint
Amazon shares fell 7.4% and Intel plunged 25% in premarket trading as investors reacted to weak business outlooks and rising AI investment costs. The sell-off weighed on other chipmakers and reflected growing concern that heavy spending is eroding Big Tech cash flows. Shares of Amazon slumped 7.4% in US premarket…Read the original at Mint
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
