The Nasdaq Composite fell 2.86% on October 30, 2026, closing at 25,437.00, its largest one-day percentage decline since June 5. Intel plunged nearly 29% after issuing disappointing quarterly guidance, while Amazon reported $42.4 billion in free cash outflows and $94.8 billion in capital expenditures, primarily directed toward AI. The selloff spread across semiconductors, with AMD down 10.9%, Nvidia down 4.2%, and the sector index down 7.2%. The S&P 500 lost 1.82% and the Dow Jones Industrial Average fell 1.09% as investors questioned when massive technology spending tied to AI will generate returns.
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