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Intel shares plunge 28.6% as U.S. stocks suffer broad selloff

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Intel shares plunge 28.6% as U.S. stocks suffer broad selloff

NEW YORK >> U.S. stocks tumbled today, with the Nasdaq suffering its largest one-day percentage drop since June 5 after disappointing quarterly results from Intel and Amazon amplified growing concerns about massive spending by AI-related companies on the emerging technology.

Directly affected

  • INTC Intel-15.3% 30d

    Named in this report.

  • AMZN Amazon Com-3.7% 30d

    Named in this report.

Indirectly affected

  • QQQ Invesco QQQ+0.9% 30d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • AIQ Global X Artificial Intelligence & Technology ETF-0.9% 19d

    Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • NVDA Nvidia-3.8% 30d

    Nvidia (semiconductors and related devices): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • MSFT Microsoft+7.6% 30d

    Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • GOOGL Alphabet-18.8% 30d

    Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • META Meta Platforms-6.1% 30d

    Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
INTC+37.63%+45.22%baseafter closeafter closeafter closeafter close
AMZNNo price data for this ticker———————
QQQ+3.12%+5.08%baseafter closeafter closeafter closeafter close
AIQNo price data for this ticker———————
NVDA+5.49%+5.17%baseafter closeafter closeafter closeafter close
MSFTNo price data for this ticker———————
GOOGLNo price data for this ticker———————
METANo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Intel shares plunge 28.6% as U.S. stocks suffer broad selloff Honolulu Star-Advertiser

Source: Honolulu Star-Advertiser

This story

CompanyWhenMoveStatus
INTCthree days earlier+45.22%final price
INTCfive days earlier+37.63%final price
NVDAthree days earlier+5.17%final price
NVDAfive days earlier+5.49%final price
QQQthree days earlier+5.08%final price
QQQfive days earlier+3.12%final price

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Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Intel shares plunge 28.6% as U.S. stocks suffer broad selloff” scores 12 out of 100. The score uses 1 sources.