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Amazon, Intel and Reddit Just Priced the AI Spending Bill: Nasdaq Drops 2.4% as Earnings Misses Meet $220 Billion of Capex
Wall Street's AI trade hit a wall on Friday, October 30, and this time the sellers had receipts. Amazon, Intel and Reddit all reported quarterly numbers that, on their own, would not look like disasters — and all three stocks were punished anyway. The Nasdaq Composite tumbled 2.4% in Friday trading, the S&P 500 dropped 1.2% and the Dow Jones Industrial Average fell 0.3%, extending a...
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