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Tech Stocks Poised to Drop After Amazon Adds to AI Spending Fear

Bloomberg Technology Friday 30 October 2026, 10:30 UTC By Emily Forgash 1 min read
Key Points

Tech Stocks Poised to Drop After Amazon Adds to AI Spending Fear Tech stocks were poised to drop after Amazon.com Inc. reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years. Contracts on the tech-heavy Nasdaq 100 Index fell 2.4% as of 6:30 a.m. in New York, while S&P 500 futures slipped 1.1%.

Tech Stocks Poised to Drop After Amazon Adds to AI Spending Fear Tech stocks were poised to drop after Amazon.com Inc. reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years. Contracts on the tech-heavy Nasdaq 100 Index fell 2.4% as of 6:30 a.m. in New York, while S&P 500 futures slipped 1.1%.
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