Amazon and Intel Q3 Financial Results

Intel's Worst Day Since 1970s Wipes $12B from U.S. Stake

Intel's stock plummeted 29% after weak guidance, marking its worst day since the 1970s and wiping $12 billion off the U.S. government's stake.

Major tech stocks experienced a significant sell-off, with the Nasdaq falling sharply. Disappointing financial results from companies like Alphabet, Amazon, and Intel have fueled investor concerns about the sustainability of AI investments and overall market stability.

Semafor: Amazon and Intel post worse-than-expected results
US Top News and Analysis: Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
The New York Times: Intel’s Shares Plunge 20% as A.I. Hinders Some Parts of Its Business
CBS News: Tech stocks crushed as Nasdaq tumbles nearly 1,000 points
US Top News and Analysis: Jim Cramer's top 10 things to watch in the stock market Friday