EventBusinessOctober 30, 2026

Nasdaq 100 falls 3.4% as AI spending fears wipe out $1 trillion

Read original source →nbcnews.com

Amazon dropped 3% and Intel plunged 30% after quarterly earnings failed to reassure investors about AI capex returns. Amazon CEO Andy Jassy said 2026 cash capex will be roughly $220 billion, mostly for AWS, with meaningfully more in 2027.

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