Nasdaq futures tumble as Amazon, Intel results deepen AI spending woes

Live updates

1. 1h ago

   Nasdaq Futures Fall as Amazon and Intel Results Fuel AI Fears

   Nasdaq futures tumbled more than two percent after weak corporate earnings from Amazon and Intel deepened investor anxieties regarding artificial intelligence spending. Major technology equities suffered severe losses during premarket and trading sessions following reports of surging infrastructure costs and cash burn linked to artificial intelligence development. Alphabet also experienced historic losses after disappointing earnings, dragging broader indexes downward as markets reevaluated the immense capital commitments required for artificial intelligence expansion.

   Why it matters

   Wall Street faces mounting pressure as mega-cap technology companies report earnings that highlight the soaring price of artificial intelligence infrastructure. Investors are increasingly alarmed by debt-funded spending sprees and cash burn warnings from sector leaders. This market reaction signals growing skepticism over how soon massive artificial intelligence outlays will translate into sustainable profits.

   What is confirmed

   • Nasdaq futures tumbled more than 2% following earnings reports from Amazon and Intel.
   • Amazon shares fell 7% and Intel plunged 25% in premarket trading after warning of rising artificial intelligence costs and cash burn.
   • Alphabet shed half a trillion in market value during what was recorded as the stock's worst day ever following disappointing Google earnings.

   What to watch next

   • Further market reactions and bond movements as investors assess big tech spending sprees
   • Potential buying support or continued selling pressure for semiconductor and technology stocks near key index thresholds
   Sources used for this update (21)

   1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
   2. www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
   3. www.theglobeandmail.com — Canadian astronaut Joshua Kutryk having a blast at the International Space Station - The Globe and Mail
   4. www.coindesk.com — Here's how analysts see U.S. inflation influencing the price of bitcoin ( BTC): Crypto Daily
   5. www.zerohedge.com — Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura Attack
   6. WSJ — Stock Market Today: Nasdaq Futures Slump After Google Earnings Disappoint — Live Updates
   7. CNN — Shares of Google’s parent company just had their worst day ever. Here’s what it means | CNN Business
   8. WSJ — Alphabet Sheds Half a Trillion in Market Value in Stock’s Worst Day Ever
   9. CNBC — Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates
   10. Reuters — Stocks slump, bonds leap as AI giants' spending spooks investors
   11. CNBC — Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings
   12. Reuters — Nasdaq futures tumble as Amazon, Intel results deepen AI spending woes
   confidence 100%