Business & Finance · October 30, 2026
Nasdaq futures sink 2.3% as Amazon, Intel and Alphabet tumble and bitcoin falls after a $6.36 billion Binance hack
Technology stocks led a decline in U.S. market futures on Friday following disappointing earnings reports from major companies. Intel shares suffered a significant drop, plunging between 25% and 29%, marking its worst performance since the 1970s. The decline was attributed to weak guidance, soft PC markets, and a plant shutdown in Israel. Amazon shares fell approximately 7% in premarket trading after the company issued a cautious forecast for the holiday quarter. These movements reflect broader investor anxiety regarding the return on massive investments in artificial intelligence and ongoing supply chain challenges.
Read the original coverage
- CNBCMainstream
Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
Read at CNBC ↗ - MarketWatchFinancial
Amazon’s and Intel’s stocks are set to plunge. But Wall Street’s October winners may surprise you.
Read at MarketWatch ↗ - Business InsiderMainstream
Intel shares plunge 25% as it warns that the AI boom's thirst for chips is hurting business
Read at Business Insider ↗ - FortuneFinancial
Nasdaq futures sink 2.3% as Amazon, Intel and Alphabet tumble and bitcoin falls after a $6.36 billion Binance hack | Fortune
Read at Fortune ↗ - Washington TimesMainstream
U.S. futures fall as Amazon, Intel and Alphabet weigh on Wall Street
Read at Washington Times ↗
Reported by multiple outlets
- Amazon shares fell approximately 7% in premarket trading.
- Intel shares fell significantly, at least 25%, following its earnings report.
- U.S. futures for the S&P 500 and Nasdaq declined on Friday.
- Intel's CEO is Lip-Bu Tan.
- Amazon issued a cautious sales forecast for the fourth quarter.
Reported by only some outlets
- Intel's drop wiped approximately $12 billion off the U.S. government's 10% stake in the company.
- Alphabet Class A shares fell more than 12% on Thursday.
- A $6.36 billion hack at Binance caused Bitcoin to drop about 3%.
- Intel cited a plant shutdown in Israel as a factor in its guidance.
- Nvidia's stake in Intel lost about $6 billion in value.
Industry-friendly coverage frames it as…
Most coverage focuses on how earnings misses, supply shortages, and high capital expenditure on AI are weighing on valuations and market futures.
Skeptical / consumer coverage frames it as…
Reports emphasize investor nervousness regarding whether massive spending on AI will actually result in profitable returns.
Numbers that differ
- Intel stock percentage drop: Business Insider and Fortune report 'more than 25%'; CNBC reports '29%'.
FreeDaily Brief newsletter
Get the 5-minute Daily Brief, with the topics you pick.
The Daily Brief is free
About these outlets
CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.