Tech stocks fell sharply Friday after earnings from Intel and Amazon deepened investor doubts about AI spending. The selloff followed Alphabet's record one-day decline Thursday.
Why it matters: Investors want proof that massive AI data center spending will produce returns. Big spending without that proof is now being punished.
Where they split: Coverage differs on whether this is a broad AI-bubble scare or a sorting of companies by cash discipline, with IBTimes noting Microsoft stayed cash-flow positive.
Center coverage, 16 sources: The center focuses on AI costs and cash flow, noting strong underlying growth at the companies that fell.
Left coverage, 7 sources: The left frames the selloff as a deepening crisis of confidence in the AI boom, with a trillion dollars in value at stake.
Right coverage, 8 sources: The right casts Amazon, Intel and Reddit as the latest casualties of spreading AI fears that are dragging down the Nasdaq.
What’s next: Intel forecast fourth-quarter revenue of $15 billion to $16 billion, below analyst estimates. CFO David Zinsner expects the PC slowdown to continue through mid-2027.
