Browsing: Finance

Amazon Misses Revenue and Earnings Expectations

Amazon.com (NASDAQ:AMZN), a global e-commerce and cloud platform, closed at $240.35, down 1.41%. The stock fell after premarket results missed revenue and earnings expectations, and analysts trimmed price targets during the session. Investors are watching AWS growth, AI spending, and holiday-quarter sales. Trading volume reached 103.1M shares, coming in about 153% above its three-month average…

Nasdaq Loses 747 Points, Dow Falls 572 As AI Stocks Crash

The US stock market witnessed a sharp sell-off on Friday (October 30), with technology stocks bearing the brunt of heavy selling as investors reassessed the artificial intelligence (AI) trade following disappointing earnings and concerns over mounting capital expenditure.

Stock Market Today, Oct. 30: Intel Plunges Nearly 29% as Weak Outlook Rattles Wall Street | The Motley Fool

Intel(INTC-28.58%), one of the world’s largest semiconductor manufacturers, saw its shares plunge 28.58% Friday, closing at $65.76 in one of the company’s steepest single-day declines in decades. The sell-off came despite Intel beating quarterly earnings expectations, as investors focused on a less encouraging outlook and growing questions about the company’s turnaround.