Amazon slides 7%, Intel plunges 25% as tech pressure mounts after earnings

Impact · against what's priced in

The article provides a significant negative catalyst for Intel and Amazon as they confirm the bear-case trends of PC softness and deteriorating cash flows that the market had not yet fully priced in. Alphabet's slide confirms a broader thematic shift where the market is now actively penalizing the AI capex intensity that was previously viewed as a growth driver.

INTC−0.90

Challenges what's priced in

The price assumes