U.S. stocks fell sharply this week, with Intel dropping nearly 26% and Google fal
Original headline美股本周集体下挫,英特尔跌近 26%、谷歌跌超 12%
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US equities fell broadly this week, with all three major indexes down at least 1% as a deep tech selloff dragged markets lower, according to a Seeking Alpha report cited by TechFlow on November 1. Intel plunged nearly 26% on weak guidance, while Alphabet dropped 12.2% after missing earnings expectations, with Microsoft, Amazon and other software names also declining. Amazon came under pressure despite accelerating AWS revenue growth, as capex exceeded expectations and online retail growth slowed to 2%. ServiceNow was sold off even after posting subscription revenue growth and raising guidance, with investors worried AI could disrupt its business. Analysts attributed the tech weakness to soft guidance from mega-cap companies combined with market concerns over AI disruption of traditional business models and rising AI spending. Watch for upcoming earnings and guidance from major tech firms for signals on whether AI-related spending concerns ease or deepen.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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