Nasdaq Dives 2.86% as Intel's 29% Crash and Amazon Ad Slowdown Ignite AI Selloff
IXIC sits 23% above its 52-week low of $20,690.249.
Summary
The Nasdaq Composite fell 747.73 points, or 2.86%, to 25,437.00 — its biggest one-day drop since June 5 and its biggest monthly loss since March 2025. The trigger was earnings: Intel plunged 29% to $65.76, its worst session since 1974, after guiding fourth-quarter revenue below targets on a prolonged PC slowdown, while Amazon slipped 1.4% to $240.35 as ad revenue growth decelerated, echoing Alphabet's warning. The damage spread well beyond the two reporters — Reddit dropped 29% to $91.73 on a soft Q4 revenue forecast and Coinbase fell 11% to $143.54 after a massive theft at rival Binance. The Dow lost 572.25 points (1.09%) to 51,770.31 and the S&P 500 fell 1.82% to 7,580.07, with the Nasdaq now on the brink of correction territory. Money rotated into Treasuries and energy: the two-year yield dropped 0.075 point to 4.579% and oil rose 2.1% to $104.12 on a Strait of Hormuz tanker attack, lifting ExxonMobil 2.2% and Chevron 1.8%.
At the time of this announcement, IXIC was trading at $25,437.00 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,722.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.