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Tech Selloff Deepens as Intel and Amazon Shares Fall

Bloomberg Technology Friday 30 October 2026, 07:12 UTC 1 min read
Key Points

Oct 30th, 2026 Tech Selloff Deepens as Intel and Amazon Shares Fall Technology shares sold off for a second consecutive day as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade. Amazon slumped 7.3% as the firm reported greater capital spending than anticipated, while Intel plunged 23% after its revenue forecast missed analysts’ estimates. Bloomberg's Ruhell Amin reports.

Oct 30th, 2026 Tech Selloff Deepens as Intel and Amazon Shares Fall Technology shares sold off for a second consecutive day as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade. Amazon slumped 7.3% as the firm reported greater capital spending than anticipated, while Intel plunged 23% after its revenue forecast missed analysts’ estimates. Bloomberg's Ruhell Amin reports.
Tech Selloff Deepens (ORG) Intel (ORG) Amazon (ORG) Amazon Shares Fall Technology (ORG) Bloomberg (ORG) Ruhell Amin (PERSON)
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