Intel Drops 25.9% as Earnings Shift Money Into Defensive Stocks

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•  30 Oct 2026
 

$INTC Intel plunges 25.9% to $68.3 in premarket trading as its fourth-quarter outlook falls well below expectations. The chipmaker forecasts earnings of 25 cents per share and revenue of $15 billion to $16 billion, compared with expectations of 43 cents and $17.1 billion. Intel expects the personal computer market slowdown to continue until at least mid-2027, partly because memory prices are making computers more expensive, and warns that it will burn cash this year. Before the report, Intel shares had risen about 150% since the start of the year, but had already lost about 23% in October.

Nasdaq 100 futures tumble 2.6% ahead of the open after reports from Amazon and Intel reignited concerns about the cost of artificial intelligence investment. S&P 500 futures fall 1.1%, while Dow Jones futures are nearly flat, down 0.1%. This is the final trading day of October, and the Nasdaq is heading for a weekly loss. Camtek and Tower also decline in premarket trading.

$AMZN Amazon falls 7.2% to $226.4 in premarket trading after quarterly earnings and revenue missed forecasts. Its holiday-quarter sales outlook is below expectations, and free cash flow is negative $42.4 billion. Amazon maintains its $220 billion capital expenditure forecast for 2026, with investors focused on that spending despite the fastest AWS growth in five years.

$AMD AMD falls 9.5% in premarket trading as selling spreads across the semiconductor and memory industry. Sandisk loses 9.0% despite beating forecasts with adjusted earnings of $49.51 per share and announcing a 1-for-8 stock split. Micron declines 6.5%, while Broadcom falls 4.4%, with a separate displayed quote of -1.94%. AI cloud providers also face selling, with CoreWeave down 8.0%, alongside a separate displayed quote of -4.99%, and Nebius down 8.3%. CoreWeave has lost about 30% over the month amid concerns about its debt level.

$PG Procter & Gamble rises 2.1% in premarket trading as money moves into defensive stocks, supporting Dow futures. Walmart adds 2.0%, and Coca-Cola gains 1.9%. Among pharmaceutical stocks, Merck climbs 2.6%, while Johnson & Johnson gains 1.7%, with a separate displayed quote of 2.48%.

Amazon is the second technology giant this week to report negative cash flow because of data center spending, following Alphabet, which fell about 13% on Thursday and carries a separate displayed quote of -12.64%. Semiconductor and hardware stocks decline alongside Amazon, with Nvidia losing 2.5% in premarket trading. Dell falls 12.0%, with a separate displayed quote of -3.7%, while HP drops 13.3%. ASML falls 5.3% in New York premarket trading. As of the Thursday close, the Nasdaq remains up more than 12% since the start of the year.

$RDDT Reddit falls 23.6% in premarket trading, with a separate displayed quote of -3.79%. Third-quarter results exceeded forecasts, but fourth-quarter revenue guidance is weaker than expected. Chief Executive Steve Huffman warns that daily unique visitors could decline at a double-digit rate in the fourth quarter as search engine traffic falls, and announces that the platform will require users to create an account.

$TWLO Twilio declines 20.6% in premarket trading, with a separate displayed quote of -4.68%. Adjusted earnings of $1.65 per share and revenue of $1.56 billion exceeded forecasts. Twilio expects organic growth to slow to 11% to 12% in the fourth quarter from 16% in the third quarter.

$RBLX Roblox loses 13.9%, with a separate displayed quote of -1.54%. Fourth-quarter bookings guidance disappointed. Spending on artificial intelligence and infrastructure is rising.

$RIVN Rivian rises 4.2% in premarket trading after reporting an adjusted loss of 48 cents per share, smaller than the expected loss of 62 cents. Revenue of $2.16 billion exceeded the $1.99 billion forecast. The electric vehicle maker raises its annual delivery outlook on demand for the R2 SUV. Mondelez adds 7.2%.

$CVX Chevron rises 1.4% after net income jumped nearly 200% to $9.9 billion. Exxon Mobil adds 1.8% after profit doubled to $15.4 billion, and raises its dividend again. AstraZeneca climbs 5.4%, with core earnings of $2.79 per share and revenue of $16.21 billion exceeding forecasts.

$COIN Coinbase falls 7.1% in premarket trading alongside cryptocurrency stocks, with a separate displayed quote of -1.07%. Strategy loses 7.3%. Robinhood declines 6.5%, with a separate displayed quote of 0.17%.

Further reading on Intel: Intel Drops About 20% After Hours: Revenue Outlook Disappoints Despite AI Growth. Further reading on Amazon: Amazon Falls More Than 7% After Earnings: Profit and Revenue Miss Forecasts. Further reading on Reddit: Reddit Falls 10% After Earnings: User Growth Disappoints Despite Earnings Surprise. Further reading on Roblox: Roblox Plunges About 17% After Hours: Users Leave and Holiday Outlook Disappoints. Further reading on Coinbase: Coinbase Profit Came From Its Portfolio: $715 Million From Crypto Revaluation as Trading Revenue Fell 43%.

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