Stock Market Today Live, October 30: Nasdaq Futures Fall 2% After Intel, Amazon; Most Tech Losers Released Nothing New

LIVE By Stock Titan Editorial Team Published October 30, 2026, 07:14 AM EDT

Live updates

Why is Intel stock down today?

Intel forecast fourth-quarter revenue of $15.0 billion to $16.0 billion, which is less than the $16.5 billion it reported for the third quarter (Intel release).

Intel also expects its gross margin to fall to 38.0% from 44.1%, both on its adjusted basis. Gross margin is the share of sales left after the cost of making the chips.

Analysts had expected $17.1 billion of revenue and adjusted earnings of 43 cents a share, a measure that leaves out some one-time costs, according to the consensus compiled by LSEG. Intel’s own forecast on that basis is 25 cents a share.

The weak spot is the PC business. Revenue from Intel’s client computing group, which sells the chips inside laptops and desktops, fell 5% from a year earlier, while data center and AI revenue rose 78%. Chief financial officer David Zinsner said in the release, “Looking ahead, we see the PC slowdown continuing at least through the first half of next year,” so Intel itself expects weak PC demand to last into mid-2027. StockTitan’s article on Intel’s quarter covers the results in full.

Why are chip stocks down today?

Show the data

Category	Change
Intel	-25.39%
Aehr Test Systems	-10.26%
Arm	-8.86%
AMD	-8.11%
ASE Technology	-7.97%
Sandisk	-7.80%
Micron	-4.86%
Qualcomm	-4.53%
Broadcom	-3.69%
Nvidia	-2.74%

Arm was down 8.86% and AMD 8.11% at 6:30 a.m. ET in pre-market trading, and Micron, Qualcomm, Broadcom and Nvidia were lower by smaller amounts. None of these six had published a release or an SEC filing since Thursday’s 4:00 p.m. ET close, according to StockTitan’s news and filings data. Neither had ASE Technology, which packages and tests chips for other companies. Aehr Test Systems filed an 8-K, the form for major company events, naming a new director, and a Form 4, the form for insider share trades, but no results.

The fall was not only American. CNBC reported that the chip equipment makers Tokyo Electron and Advantest dropped in Tokyo, where the Nikkei 225 closed 2.12% lower.

Sandisk is the only other company in the chart that reported results after Thursday’s close. It reported on Thursday that revenue rose 23% from the previous quarter and announced an eight-for-one stock split (Sandisk release). The stock was still 7.80% lower at 6:30 a.m. ET. StockTitan’s Sandisk article has the details.

Other tech hardware fell as well. Dell, which sells PCs and servers, was 9.74% lower at 6:30 a.m. ET, and Coherent and Applied Optoelectronics, which make optical parts for data networks, were down 8.10% and 8.08%. None of the three had a release or filing since Thursday’s close. Our reading of the board is that the morning’s tech selling reached well past the two companies that reported, to companies that had told investors nothing new.

Why is Amazon stock down today?

Amazon was 6.56% lower at 6:30 a.m. ET in pre-market trading. Its third-quarter net sales rose 12% to $201.9 billion, and AWS, its cloud computing arm, grew 39% (Amazon release).

Over the twelve months to September, free cash flow was an outflow of $42.4 billion, meaning Amazon spent more on buildings and equipment than its business brought in. Amazon said the jump in that spending mainly reflects investments in artificial intelligence.

Amazon earned $1.89 a share, below the $1.96 analysts polled by LSEG had expected, and its sales were slightly under their estimate too, CNBC reported. StockTitan’s Amazon results article looks at the cloud business in depth.

Biggest stock movers today and why

Alphatec, a maker of spine surgery products, had the deepest fall on the board, down 32.28% at 6:30 a.m. ET in pre-market trading. Its chief executive said third-quarter revenue fell short of the company’s expectations, mainly because of weaker sales of biologics, materials that help bone heal, with its surgeries (ATEC release). Revenue still rose 13% from a year earlier.

Roblox was 17.48% lower after forecasting that fourth-quarter bookings would fall 10% to 15% from a year earlier (Roblox shareholder letter). Bookings are the money players spend on its virtual currency.

Reddit was 21.97% lower. Its release shows revenue up 53% from a year earlier while daily active users in the US fell 2% (Reddit release).

On the way up, Rivian was 8.38% higher after the electric vehicle maker raised its 2026 forecasts, including the number of vehicles it expects to deliver (Rivian release).

What to watch for the rest of the day

• 8:30 a.m. ET: how fast employers’ pay and benefits rose in the third quarter, in the Employment Cost Index (Bureau of Labor Statistics schedule).
• Before 9:30 a.m. ET: AbbVie’s third-quarter results, which the drugmaker said it would release before the market opens (announcement).
• 9:30 a.m. ET: whether the pre-market moves above hold once regular trading starts, which the regular session prices in this page’s next updates will show.
• 4:00 p.m. ET: how the Nasdaq Composite ends October, which the exchange’s closing figures will settle. Before the open, CNBC reported the index was heading for a 2.5% fall in the month, while the Dow was on pace to rise 2.8%.
• Next week: which companies report and when, with dates and times in StockTitan’s Earnings Calendar for the Week of November 2, 2026.

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The information provided in this article is for educational and informational purposes only. It does not constitute financial advice, investment recommendation, or an endorsement of any particular investment strategy. Past performance does not guarantee future results. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions.

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