Amazon and Intel shares fall after 3Q26 earnings and reignite fears about AI spending
Intel drops up to around 20% due to weak projection for the fourth quarter, while Amazon loses with lower-than-expected profit and revenue.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM SEU DINHEIRO · 3 MIN
Intel and Amazon shares fell on Thursday (29), after the two companies released their results for the third quarter of 2026. According to Money Times, Intel fell more than 20% after weak guidance for the next quarter, while Amazon lost ground with lower-than-expected profits and revenue. The movement brought back concerns about high spending on artificial intelligence.
In Intel's numbers, the balance came in better than the average forecast in some points. According to Times Brasil, adjusted earnings per share were US$0.52, against US$0.40 expected according to LSEG. Revenue totaled US$ 16.51 billion (R$ 89.5 billion), practically equal to the US$ 16.5 billion expected, and increased 21% compared to US$ 13.7 billion (R$ 74.3 billion) in the third quarter of 2025.
What mattered was the projection for the following three months. The Times Brasil reports that the company predicted a weak fourth quarter of 2026 and attributed the outlook to the slowdown in the global PC market. As a result, the share plummeted even with a quarterly result without major scares, which shows that the market looked more to the future than to the recent past.
At Amazon, the problem was different. According to Money Times, profit and revenue for the third quarter were below expectations. At around 6:30 pm, Brasília time, the stock fell 6.69%, quoted at US$ 226.83.
The backdrop is the fear that AI spending will grow faster than the return it generates. Also according to Seu Dinheiro, Alphabet, Google's parent company, released its 3Q26 balance sheet on Thursday morning and put pressure on the New York stock exchanges during the trading session. By bringing together companies with different profiles on the same day, the movement indicates that the reaction was not restricted to a single sector.
What changes for the investor
The episode shows that, on balance sheet days, the projection for the following quarter can weigh more on the share price than the result already known, especially when there is doubt about the return on investments in technology. For those who follow the Nasdaq, it is worth observing whether the sensitivity to weak guidance and AI fears is repeated in the next releases, as these variables tend to determine the sector's volatility. This article describes what happened and does not provide a buy or sell recommendation or price projections.
Automatically translated from Portuguese.
