WSJ · 2026-10-30 13:56 UTC

AI Selloff Deepens, Oil Jumps and Crypto Declines

Nasdaq futures fell over 2% following disappointing earnings from Intel and Amazon that intensified AI stock selloff concerns. Intel shares plunged over 27% premarket on supply chain disruption and PC demand slowdown forecast. Amazon dropped 6.5% premarket despite cloud business growth, as AI spending increases and advertising revenue growth slows.

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