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LivestreamMenuTraders work on the floor of the New York Stock Exchange during morning trading on Oct. 14, 2026 in New York City. Michael M. Santiago | Getty Images
Futures tied to the Nasdaq-100 dropped Thursday evening after Amazon and Intel shares slid following the companies’ latest quarterly results.
Nasdaq-100 futures lost 1.5%, while futures tied to the S&P 500 slid 0.7%. Dow futures fell 60 points, or 0.1%.
Amazon shares lost 6% in extended trading after the company reported earnings and revenue for the third quarter that fell short of Wall Street’s expectations. The company also posted negative free cash flow of $42.4 billion and maintained its 2026 capital expenditures forecast for $220 billion.
Intel slid 21% after issuing a weak outlook for the current quarter, pointing to a slowdown in PCs. Revenue in the company’s client computing and physical artificial intelligence group declined 5% from the year-ago quarter to $8.1 billion.
Sandisk also fell in extended trading, down 3% even as its fiscal first quarter results beat estimates. The data storage company announced an eight-for-one forward stock split.
The declines come as investors scrutinize the AI trade.
In regular trading Thursday, Alphabet shares lost 12% after the company missed on earnings and revenue in the third quarter and posted negative free cash flow of $9.07 billion. The Google-parent’s slide dragged the Nasdaq Composite to a 1.4% loss in the regular session, while the S&P 500 fell 0.3%.
Friday marks the final trading day in October. The month has been rocky for the AI trade, with investors paying close attention to companies’ spending around the build-out. Hyperscalers Alphabet and Microsoft haven’t lifted their capital expenditures forecasts.
At the same time, neoclouds — the cloud-computing companies that are behind the infrastructure needed for AI datacenters — are facing investor scrutiny over their debt levels. CoreWeave, which has seen a surge in its bond yields, is the poster child of that worry; shares have cratered 30% in October. Nebius is heading for a 27% decline on the month.
The Roundhill Memory ETF (DRAM), which includes AI memory plays Micron and Seagate Technology, is off 14% in October, while the iShares A.I. Innovation and Tech Active ETF (BAI) is down 10%.
As traders prepare to wrap up the month, the Nasdaq Composite is heading for a 2.5% fall. The S&P 500 is on track for a 0.9% advance, while the Dow is on pace to rise 2.8%.
12 Min Ago
These are the stocks making big moves in extended trading
Several stocks made headlines in extended trading on Thursday evening as Amazon and Intel rolled out their latest results.
Amazon — Shares slid more than 6% after third-quarter results missed on the top and bottom lines. Amazon earned $1.89 per share on revenue of $201.94 billion, while analysts polled by LSEG sought $1.96 per share on $202.31 billion. The company reaffirmed its full-year guidance for capital expenditures at $220 billion.
Intel — The chipmaker tanked about 21% after guidance for the current quarter came in weaker than expected. Intel sees adjusted earnings of 25 cents per share on revenue of $15 billion to $16 billion. Analysts were looking for EPS of 43 cents and $17.1 billion in revenue, per LSEG.
Sandisk — The data storage device manufacturer fell 3% even after reporting an earnings and revenue beat in its fiscal first-quarter financial report. It delivered adjusted earnings of $49.51 per share compared to analysts’ estimates for $46.22, per LSEG. Sandisk also announced an eight-for-one forward stock split.
Read more about Thursday’s after-hours movers here.
—Darla Mercado
17 Min Ago
Alphabet formed ‘death cross’ during Thursday slump
Alphabet, the parent of Google and YouTube that plunged nearly 13% Thursday, formed a “death cross” when the stock’s 50-day moving average (roughly $340.26) crossed below its 200-day moving average (about $340.93).
Alphabet last marked a “death cross” in July 2025.
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Alphabet Class A shares in the past year
— Scott Schnipper, Nick Wells
28 Min Ago
Nasdaq-100 futures fall as Amazon, Intel shares sell off after earnings
Nasdaq-100 futures fell shortly after 6 p.m. in New York.
Nasdaq-100 futures lost 1.5%, while futures tied to the S&P 500 slid 0.6%. Dow futures added just 17 points.
— Deena Zaidi
