Nasdaq Futures Slide Over 2% as Amazon, Intel Raise AI Spending Concerns
What Happened
Nasdaq-100 futures fell 2.41% in early US trading on October 30, 2026, as investors assessed Amazon's plans to increase capital spending and Intel's warning of cash outflows. Amazon shares dropped 6.3% before the market opened, while Intel fell more than 25%. Analysts cited concerns about the rising costs of AI infrastructure and uncertain investment returns.
Key Takeaways
The sell-off highlights growing investor scrutiny of AI infrastructure spending. Strong demand for AI services is not necessarily enough to reassure markets when investment costs and cash-flow pressures are rising.