Tech Stocks Crushed as Nasdaq Futures Tumble Nearly 800 Points

Tech stocks crushed as Nasdaq futures tumble nearly 800 points

Disappointing earnings reports from Alphabet, Amazon and Intel are renewing fears that the AI trade could unravel.

Amazon, Intel shares crash up to 25% in premarket trade as AI spending concerns trigger tech sell-off - What's next?

Amazon shares fell 7.4% and Intel plunged 25% in premarket trading as investors reacted to weak business outlooks and rising AI investment costs. The sell-off weighed on other chipmakers and reflected growing concern that heavy spending is eroding Big Tech cash flows.

Nasdaq futures sink 2.3% as Amazon, Intel and Alphabet tumble and bitcoin falls after a $6.36 billion Binance hack

Alphabet's Class A shares slid more than 12% on Thursday in their worst ever trading day as it reported weaker growth for the summer than analysts expected.

Tech sell-off not a moment of reckoning but one for long thought: Raymond James's Orton

Matt Orton, Chief Market Strategist at Raymond James Investment Management, joins Squawk Box Europe to discuss the intensifying sell-off in tech, as shares in Intel and Amazon drop.

Futures Slide As AI Reckoning Claims Amazon, Intel; Oil Jumps On Hormuz Tanker Hits

Futures Slide As AI Reckoning Claims Amazon, Intel; Oil Jumps On Hormuz Tanker Hits US futures slide with Nasdaq futures tumbling more than 2%, as the AI reckoning that started with Alphabet's record plunge claims two more megacaps: Amazon slides after a capex shock and the slowest e-commerce growth in three years, while Intel craters 26% after a guide that was "much weaker than expected"; meanwhile oil keeps climbing on signs the US may resume …