Amazon and Intel shares plunge after earnings, Bitcoin drops as Binance halts transactions

Technology stocks extended their losses for a second consecutive day as disappointing financial results from Amazon and Intel raised fresh concerns about the scale of investments in artificial intelligence. Nasdaq 100 futures dropped by 2%, with investors showing a renewed preference for safe-haven assets such as US Treasury bonds and the Swiss franc. Amazon and Intel, two of the most influential technology companies in the US, saw their share prices fall sharply in after-hours trading. Amazon shares slid by 7.3%, while Intel experienced a 23% drop. The significant selloff followed quarterly earnings that failed to meet market expectations, leading investors to question the sustainability of future capital expenditures, particularly those targeting artificial intelligence initiatives. The weakness in technology stocks also weighed on the broader market outlook.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.