Amazon fell 7% and Intel 20%+ premarket as AI spending worries bite
Amazon posted a record operating margin and 39% cloud growth, and its stock still slid before the open. The reason is in the cash flow line.
On the morning of Oct 30, 2026, two of the biggest names in tech opened the day deep in the red. According to CNBC's market coverage, Amazon shares were down roughly 7% in premarket trading, and Intel was down more than 20%. Reports put Intel's drop anywhere from about 21% to 26% as the session built, so treat the exact figure as a moving target. Both companies had reported results on Oct 29.
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