U.S. technology stocks fell after disappointing results from Alphabet, Amazon and Intel revived investor concerns about heavy AI spending and its potential returns. The Nasdaq dropped more than 600 points, while Alphabet lost more than $500 billion in market value. Intel shares were poised for their steepest one-day decline in more than 50 years.
WHO:
Investors sold technology stocks following results from Alphabet, Amazon and Intel.
WHAT:
U.S. technology stocks fell sharply after the companies’ earnings reports renewed concerns about AI spending and its returns.
WHEN:
Reported Oct 30, 2026 at 10:34 AM ET
WHERE:
USA
WHY:
Disappointing earnings and concerns about whether major technology companies’ heavy AI spending will pay off prompted investor fears.
How this story developed (showing 2 of 2 earlier reports)
