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Summary
- Technology stocks extended their losses for a second consecutive day as disappointing financial results from Amazon and Intel raised fresh concerns about the scale of investments in artificial intelligence.
- Nasdaq 100 futures dropped by 2%, with investors showing a renewed preference for safe-haven assets such as US Treasury bonds and the Swiss franc.
- Amazon and Intel post major declines Amazon and Intel, two of the most influential technology companies in the US, saw their share prices fall sharply in after-hours trading.
- The significant selloff followed quarterly earnings that failed to meet market expectations, leading investors to question the sustainability of future capital expenditures, particularly those targeting artificial intelligence initiatives.
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