Intel's stock price has plummeted by nearly 29 percent, and both Nvidia and Amazon are also experiencing declines. What's happening?

Index.hrIndependentCenterOct 30

US stock markets experienced significant losses driven by sharp declines in technology sector stocks, particularly Intel, which dropped nearly 29 percent after issuing a weak earnings forecast despite beating profit expectations. Investors expressed growing concern that massive capital expenditures on artificial intelligence infrastructure, such as those reported by Amazon and Alphabet, may not yield sufficient returns to justify the costs. The S&P 500 index fell 1.8 percent, marking its worst day since June, while the Nasdaq declined 2.9 percent amid broader market anxiety ahead of upcoming congressional elections. High interest rates further complicated financing for new data center construction, contributing to the sell-off in tech giants like Nvidia and Amazon. Additionally, cryptocurrency-related stocks suffered losses following reports of a major security breach at the Binance exchange.

Bias read (Center): The article relies exclusively on financial data and quotes investment professionals regarding market mechanics, avoiding partisan political commentary despite mentioning upcoming elections as background context.

HRT (Hrvatska radiotelevizija)State / PublicCenterOct 30

The stock price of Alphabet, the parent company of Google, experienced a historic decline of 12.6 percent in a single day. This drop resulted in a loss of approximately $500 billion in market value. The sharp fall followed the release of quarterly earnings that were significantly below analyst expectations. The underperformance was attributed partly to massive investments in artificial intelligence, which face uncertainty regarding their return on investment. Additionally, the development of AI technology poses a threat to Google’s traditional advertising revenue streams.

Bias read (Center): The report relies on objective financial data and standard market terminology without employing loaded language or taking a stance on corporate strategy.