TREE NEWS reports: US stocks opened sharply lower, with the Nasdaq down 2.23%, the S&P 500 down 1.16% and the Dow down 0.28%, as investors questioned returns on heavy AI spending by tech giants. Intel plunged more than 26%, its biggest single-day drop since 2024, after fourth-quarter guidance badly missed expectations, an Israeli plant explosion, weak PC demand and constrained AI chip supply. AMD fell over 10% and Dell over 12%; Amazon dropped over 5% after third-quarter net sales of $201.9 billion missed estimates and EPS fell 3% year on year to $1.89. Coinbase fell 9.1% and Strategy 8.9%.
Nasdaq falls over 2% at open as Intel plunges 26% on weak guidance
AI take
The selloff is less about Intel's guidance miss than about the market beginning to interrogate the payoff from heavy AI spending, and the breadth of the damage — chip peers, hardware, Amazon and crypto-linked equities all falling together — suggests a correlated de-risking rather than an Intel-specific event. Crypto exposure is moving with tech beta here, not on sector-specific news, which is the notable signal for RWA and digital-asset readers. Whether AI capex scrutiny becomes a sustained theme, and whether crypto names keep tracking Nasdaq rather than decoupling, is the open question worth watching.
Generated by AI for reference only.
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