Nasdaq hits near three-month low as Amazon, Intel deepen AI capex concerns

FinanceInternationalReutersOct 30, 2026, 9:36 AM40 s readAI summary

The Nasdaq fell to its lowest level in nearly three months after Amazon's AI spending plan and Intel's cash burn warning fueled doubts about the costs of AI infrastructure and the timeline for returns. The Nasdaq Composite was down 2.21%, the S&P 500 1.22% and the Dow 0.39%. Intel plunged more than 30% and dragged chip stocks lower: Nvidia fell 3% and AMD 9.3%.

In 40 seconds

The Nasdaq Composite was down 2.21% at 25,606.33 points, its lowest in nearly three months; the S&P 500 fell 1.22% and the Dow 0.39%.
Intel sank more than 30%, on track for its biggest one-day loss, after warning it would burn cash this year.
Amazon slipped 2% after reporting a sharp cash outflow in the third quarter and signaling more capex next year.

Read the full story at Reuters

IASummary generated by artificial intelligence from a story by Reuters. It may contain errors: the original source prevails.

Nasdaq
Intel
Amazon
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IA

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Nasdaq hits near three-month low as Amazon, Intel deepen AI capex concerns

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IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day