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The Marked Chart Wire · Business
HotAI Spending
Intel shares fell 25.2 percent after its Q4 guidance missed estimates, dragging the Nasdaq-100 down 2.6 percent. Amazon also dropped 6.8 percent as investors rotated into defensive sectors like healthcare and energy.
Part of a series: AI spending fears hit tech stocks and earnings
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HotAnalyst Ratings
Wall Street firms revised ratings and price targets for technology, AI, and crypto stocks. Amazon retained bullish support, while Intel, Reddit, and Coinbase saw downgrades and lower targets.
HotIntel
Four firms adjusted their views on Intel following Q3 results and soft Q4 guidance. BofA and Roth Capital downgraded the stock, while Jefferies cut its price target.
Amazon
Nine analysts lowered their price targets for Amazon while three raised theirs following Q3 results. The firms kept positive ratings, pointing to long-term cloud and AI growth despite high spending and cash flow concerns.
HotAmazon Earnings
Amazon stock declined 7.3 percent in premarket trading following the release of third-quarter results that fell short of analyst expectations for both revenue and earnings.
HotIntel
Intel forecasts the total addressable market for server CPUs will exceed $200 billion within five years. The company also guided fourth-quarter revenue to between $15 billion and $16 billion.
HotIntel
Intel stock dropped 23 percent in after-hours trading Thursday following a disappointing fourth-quarter guide. Jim Cramer voiced his frustration with the company's results.
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