30-Oct-2026 08:58:26
Nasdaq Futures Slide 2% as Intel Plunges 23%, Amazon Drops 7%; Reddit, Roblox Tumble
US tech stocks faced heavy selling after disappointing earnings and forecasts from major companies intensified concerns over AI spending and slowing demand. Nasdaq 100 futures fell 2%, while Amazon dropped around 7% and Intel plunged 23% in after-hours trading. Other major losers included Reddit, down 18%, Roblox, down 17%, and Illumina, down 12%. Semiconductor stocks also weakened, with ARM falling 7.8% and AMD declining 6.5%. The sell-off reflects growing investor scrutiny of expensive AI investments and corporate outlooks.