FinanceQuartzabout 1 hour ago
AI Selloff Drags Down Intel and Amazon
2 min read
Intel stock fell over 27% in premarket trading after forecasting fourth-quarter revenue between $15.0 billion and $16.0 billion. Amazon reported AWS sales rising 39% to $46.0 billion. Alphabet stock hit its worst day on record, wiping out about $500 billion in market value. Chip stocks had fallen for six straight sessions by mid-October.
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