📅 Oct 30, 2026
Alphabet, Intel and Amazon all fell hard on October 30 as investors questioned the payoff from massive AI spending.
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Google's parent fell 12.6% after AI spending pushed its cash flow into negative territory, AFP reported.
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Weak PC demand and a soft outlook hit the chipmaker, even as its data-center and AI revenue jumped 78%.
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Amazon fell more than 7% after hours as results came in short of expectations, while its roughly $220 billion spending plan for 2026 stayed in place.
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The giants plan about $750 billion in AI spending this year. Apple reports November 2, and Anthropic's IPO is the next test of investor faith.
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