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

_Published Friday, October 30, 2026 at 4:06 AM EDT · Products · Latest · Tier 2 — Notable_

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.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/videos/2026-10-30/tech-selloff-deepens-as-intel-and-amazon-shares-fall-video)

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Canonical: https://techandbusiness.org/newswire/hQVUf1aZVseDdho021B_di
Published: 2026-10-30T08:06:06.736Z
Story chronology: 2026-10-30T07:12:12.000Z
Retrieved: 2026-10-30T10:41:02.726Z
Publisher: Tech & Business (techandbusiness.org)