Broker News Today — October 30, 2026
Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings and more — today's broker signal.
US tech giants are facing a tough morning after a slew of earnings reports failed to impress investors. Amazon and Intel are leading the decline, with their stocks plummeting 7% and 25% respectively in premarket trading. The chipmaker Intel was particularly hard hit, issuing a major guidance miss that saw its stock eventually plunge 21% - a reaction to the company's warning of a PC slowdown.
The earnings misses are fuelling concerns about the sector's spending on artificial intelligence, with Amazon's decision to hold its 2026 capital expenditure unchanged despite posting a negative free cash flow of $42.4 billion. The market is clearly jittery about the profitability of these investments, and the impact on companies' bottom lines. Meanwhile, in a separate development, crypto exchange Polymarket reported an outage on its international exchange, halting trading. It's a rocky start to the day for investors in tech and crypto.
Today's signal:
• Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings (cnbc.com)
• Intel plunges on a major guidance miss. What went wrong — and how to proceed (cnbc.com)
• Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance (cnbc.com)
• Amazon posts negative free cash flow of $42.4 billion, holds 2026 capex unchanged (cnbc.com)
• Amazon misses on earnings and holds capex steady, adding to AI spending jitters (cnbc.com)
• Polymarket reports outage on international exchange, halts trading (cnbc.com)