Intel and Amazon Stocks Fall After Weak Reports

US markets are reacting to weak quarterly reports from major tech companies, leading to a significant drop in stock prices.

Forecast Issues

Intel reported earnings that beat expectations, but provided a weak forecast for the fourth quarter. Expected revenue will be $15–16 billion, compared to analyst estimates of $17 billion. Following the report release, Intel shares plummeted 16% in after-hours trading.

Amazon Metrics Below Expectations

Amazon's profit and revenue came in slightly below analyst forecasts. The company also confirmed plans to spend approximately $220 billion on capital investments in 2026, primarily related to infrastructure development. Shares fell 12% following the results announcement.