Amazon, Intel Earnings Add Fuel to Tech Selloff

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 30, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

Nasdaq futures dropped by more than 2% on Friday morning as investor anxiety over artificial intelligence stocks grew following earnings releases from Intel and Amazon. Intel shares plummeted over 27% in premarket trading after the chipmaker warned of supply-chain issues and declining personal-computer demand. Amazon stock also declined despite meeting internal revenue targets and demonstrating robust cloud-computing expansion, as the market sought stronger signals.

Background

• Bitcoin and other digital assets fell after Binance disclosed a cyberattack that stole an estimated $6.3 billion, a sum the exchange identified as the largest theft in its history.
• Binance halted transactions and promised to reimburse users for the lost funds.
• Brent crude prices increased after a tanker in the Strait of Hormuz came under fire, a claim made by U.K. Maritime Trade Operations.
• Ukraine attacked a Russian oil refinery, reversing a temporary halt in strikes that the Trump administration had supported.

Read the full article at wsj.com

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