Nasdaq plunges 2.8% as Intel and Amazon results deepen AI stock sell-off

Impact · against what's priced in

The reports from Intel and Amazon act as negative catalysts by undermining the growth narratives the market was clinging to, specifically regarding AI infrastructure returns. Intel's revenue miss directly challenges its data center growth baseline, while Amazon's massive negative free cash flow validates fears that AI capex is eroding margins without immediate payoff.

INTC−0.80

Challenges what's priced in

The price assumes