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Technology

Nasdaq tumbles at open as Amazon, Intel add to AI spending woes

Lila Johnson
Lila Johnson
Lila Johnson
Reporter · Fargo, ND

Lila Johnson is a seasoned business reporter with a background in finance, having graduated from the University of North Dakota. She has previously worked with local business journals and focuses on small business success stories and entrepreneurial initiatives.

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Reporter · Friday, October 30, 2026 at 1:36 PM · 1 min read
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Nasdaq tumbles at open as Amazon, Intel add to AI spending woes — Velva Technology news

Oct 30 (Reuters) The Nasdaq opened at its ​lowest level in ‌more than two months on Friday, after Amazon s aggressive ‌AI ​spending ⁠plan and Intel s ⁠cash burn warning intensified investor concerns about escalating ​costs of AI infrastructure buildout ⁠and ⁠the return timeline. The ​Dow Jones Industrial ​Average rose 41.3 points, ‌or 0.08%, to 52,383.9 at the open. ⁠The S P 500 fell 89.3 points, or ⁠1.16%, ‌to 7,631.07, ⁠while the Nasdaq ​Composite ‌dropped 592.2 ​points, or ⁠2.26%, to 25,592.486. (Reporting by Purvi Agarwal in Bengaluru; Editing by Shilpi ​Majumdar)

Up nextNasdaq faces $2 trillion wipeout in October as AI spending fears deepenTechnology · 1 min read
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