The Nasdaq opened at its lowest level in more than two months on Friday, after Amazon's aggressive AI spending plan and Intel's cash burn warning intensified investor concerns about escalating costs of AI infrastructure buildout and the return timeline.
The Dow Jones Industrial Average rose 41.3 points, or 0.08%, to 52,383.9 at the open. The S&P 500 fell 89.3 points, or 1.16%, to 7,631.07, while the Nasdaq Composite dropped 592.2 points, or 2.26%, to 25,592.486.
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US stocks today: Nasdaq sinks 2.2% as Amazon, Intel fuel fresh fears over AI spending
The Nasdaq opened at its lowest level in more than two months on Friday, after Amazon's aggressive AI spending plan and Intel's cash burn warning intensified investor concerns about
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- The Economic Times
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- 85 words · 1 min
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This story was first published by The Economic Times on 30 Oct 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.