Intel falls 23% and Amazon drops 7.3% as technology selloff continues

Published Friday, October 30, 2026 · 4:06 AM EDT

Intel shares fell 23% and Amazon dropped 7.3% as technology stocks sold off for a second consecutive day, Bloomberg reported. Disappointing earnings accelerated a rotation out of the artificial intelligence trade. Amazon reported greater capital spending than anticipated, while Intel's revenue forecast missed analysts' estimates.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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