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Nasdaq 100 enters third correction as AI spending doubts mount

Amazon, Intel, Reddit post weak results; Nasdaq nears correction

2 Oct 30 10:34 AM · 13d ago · 2 articles · 2 sources · development 2 of 4

Amazon reported revenue of $201.9 billion and net income of $20.7 billion—both missing estimates—with negative free cash flow of $42.4 billion, despite AWS cloud revenue jumping 39%. Intel plunged 29% after revealing its PC division revenue fell 5% year-over-year as competition from AI accelerators intensified, with CFO David Zinsner warning 'We see the PC slowdown continuing at least through the first half of next year.' Reddit fell 29% despite beating on earnings after CEO Steve Huffman warned that Google's AI summaries cost the platform an average of more than 1 million search referrals per week in October.

Amazon, Intel, Reddit post weak results; Nasdaq nears correction
NY Post

“We see the PC slowdown continuing at least through the first half of next year”

David Zinsner, Intel CFO

Eric Weiner Technology analyst, BloombergDavid Zinsner Chief Financial Officer, IntelSteve HuffmanSteve Huffman CEO, RedditAlphabet Search and advertising giantAmazon E-commerce and cloud computing company

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Peak 3 pieces in 4h at Oct 30, 11 AM; 12 pieces over 15 days (10 articles · 1 video · 1 post) Oct 29, 11 AM — 1 piece · 1 video — YouTube 1Oct 29, 3 PM — quietOct 29, 7 PM — quietOct 29, 11 PM — quietOct 30, 3 AM — quietOct 30, 7 AM — 2 pieces · 2 articles — Google News 1, Newswires 1Oct 30, 11 AM — 3 pieces · 3 articles — Google News 3Oct 30, 3 PM — 1 piece · 1 article — Newswires 1Oct 30, 7 PM — quietOct 30, 11 PM — 1 piece · 1 article — Google News 1Oct 31, 3 AM — quietOct 31, 7 AM — quietOct 31, 11 AM — quietOct 31, 3 PM — quietOct 31, 7 PM — 1 piece · 1 article — Google News 1Oct 31, 11 PM — quietNov 1, 2 AM — quietNov 1, 6 AM — quietNov 1, 10 AM — quietNov 1, 2 PM — quietNov 1, 6 PM — quietNov 1, 10 PM — quietNov 2, 2 AM — quietNov 2, 6 AM — quietNov 2, 10 AM — quietNov 2, 2 PM — 2 pieces · 1 article · 1 post — Newswires 1, Reddit 1Nov 2, 6 PM — 1 piece · 1 article — Newswires 1Nov 2, 10 PM — quietNov 3, 2 AM — quietNov 3, 6 AM — quietNov 3, 10 AM — quietNov 3, 2 PM — quietNov 3, 6 PM — quietNov 3, 10 PM — quietNov 4, 2 AM — quietNov 4, 6 AM — quietNov 4, 10 AM — quietNov 4, 2 PM — quietNov 4, 6 PM — quietNov 4, 10 PM — quietNov 5, 2 AM — quietNov 5, 6 AM — quietNov 5, 10 AM — quietNov 5, 2 PM — quietNov 5, 6 PM — quietNov 5, 10 PM — quietNov 6, 2 AM — quietNov 6, 6 AM — quietNov 6, 10 AM — quietNov 6, 2 PM — quietNov 6, 6 PM — quietNov 6, 10 PM — quietNov 7, 2 AM — quietNov 7, 6 AM — quietNov 7, 10 AM — quietNov 7, 2 PM — quietNov 7, 6 PM — quietNov 7, 10 PM — quietNov 8, 2 AM — quietNov 8, 6 AM — quietNov 8, 10 AM — quietNov 8, 2 PM — quietNov 8, 6 PM — quietNov 8, 10 PM — quietNov 9, 2 AM — quietNov 9, 6 AM — quietNov 9, 10 AM — quietNov 9, 2 PM — quietNov 9, 6 PM — quietNov 9, 10 PM — quietNov 10, 2 AM — quietNov 10, 6 AM — quietNov 10, 10 AM — quietNov 10, 2 PM — quietNov 10, 6 PM — quietNov 10, 10 PM — quietNov 11, 2 AM — quietNov 11, 6 AM — quietNov 11, 10 AM — quietNov 11, 2 PM — quietNov 11, 6 PM — quietNov 11, 10 PM — quietYesterday, 2 AM — quietYesterday, 6 AM — quietYesterday, 10 AM — quietYesterday, 2 PM — quietYesterday, 6 PM — quietYesterday, 10 PM — quiet ◂ 1 earlier2–34
2–3Amazon, Intel, Reddit post weak results…4Nasdaq 100 officially enters correction…
Oct 30Nov 1Nov 3Nov 5Nov 7Nov 9now · 12:10 AM ET

What was reported 1 claim about this development

  1. 2 outlets Nasdaq plummets 2% as Amazon, Intel and Reddit become latest victims of AI fears

    first by NY Post, 13d ago · also New York Post

All 4 developments of Nasdaq 100 enters third correction as AI spending doubts… →

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