Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 14, 2026 in New York City.
Michael M. Santiago | Getty Images
Futures tied to the Nasdaq-100 dropped Thursday evening after Amazon and Intel shares slid following the companies’ latest quarterly results.
Nasdaq-100 futures lost 1.3%, while futures tied to the S&P 500 slid 0.6%. Dow futures bucked the trend and added just 17 points.
Amazon shares lost 5% in extended trading after the company reported earnings and revenue for the third quarter that fell short of Wall Street’s expectations. The company also posted negative free cash flow of $42.4 billion and maintained its 2026 capital expenditures forecast for $220 billion.
Intel slid 20% after issuing a weak outlook for the current quarter, pointing to a slowdown in PCs. Revenue in the company’s client computing and physical artificial intelligence group declined 5% from the year-ago quarter to $8.1 billion.
The decline for the two hyperscalers comes as investors scrutinize the AI trade and the cost of the build-out.
In regular trading Thursday, Alphabet shares lost 12% after the company missed on earnings and revenue in the third quarter and posted negative free cash flow of $9.07 billion. The Google-parent’s slide dragged the Nasdaq Composite to a 1.4% loss in the regular session, while the S&P 500 fell 0.3%.
Stocks tied to the AI trade, such as the iShares Semiconductor ETF (SOXX) and the Roundhill Memory ETF (DRAM), were also down during Thursday’s session and are heading for losses on the month.
About The Author
