Nvidia Stock Falls 5.3% as AI Spending Concerns Hit…
By Abdelaziz Fathi
AI summary of the source article
Nvidia shares dropped 5.3% amid a wider semiconductor selloff spurred by disappointing guidance from Intel and rising concerns over returns on artificial intelligence infrastructure spending.
Why it matters
Amazon's spending supports demand for computing infrastructure, but investors are increasingly examining the financial capacity and expected returns of the companies making those investments.
Key facts
- Nvidia shares fell 5.3% while the Philadelphia Semiconductor Index dropped 8.7%.
- Intel projected fourth-quarter revenue of $15 billion to $16 billion, missing analyst expectations of approximately $17.1 billion.
- Amazon maintained its 2026 capex forecast of approximately $220 billion despite trailing-12-month free cash flow falling to negative $42.4 billion.
Source excerpt · FinanceFeeds
Nvidia (NASDAQ: NVDA) shares fell 5.3% in regular trading on Friday, October 30, as a broader semiconductor selloff intensified following disappointing guidance from Intel and fresh concerns about the financial returns on artificial intelligence infrastructure spending. The decline extended beyond the initial premarket reaction, when Nvidia was down 2.9%, Broadcom fell 3.8% and AMD lost 8.3%, acco…