Intel plummets after weak projection and Amazon retreats with 3Q26 balance below expectations
Intel fell more than 20% after weak guidance, and Amazon also fell below expectations in profit and revenue.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 2 MIN
Shares of Amazon and Intel fell sharply in trading on Thursday (29), shortly after the release of the balance sheets for the third quarter of 2026. According to Money Times, at around 6:30 pm in Brasília, Intel's shares fell 19.83%, quoted at US$ 73.81, while Amazon's shares lost 6.69%, to US$ 226.83.
Intel's balance sheet had reasonable numbers, but the projection weighed more. According to Times Brasil, adjusted earnings per share totaled US$0.52, above the US$0.40 expected according to LSEG. Revenue of US$16.51 billion (R$89.5 billion) was practically in line with the estimate of US$16.5 billion and grew 21% compared to US$13.7 billion (R$74.3 billion) a year earlier.
The problem was in the guidance for the next quarter. According to Money Times, the stock fell more than 20% after the projection considered weak. Times Brasil attributes the less than encouraging forecast to the persistent slowdown in the PC market and reports that shares fell 20% after Thursday's close.
Amazon also disappointed. According to Money Times, profit and revenue were below investors' expectations.
The movement did not start with these two companies. Also according to the Money Times, Alphabet, Google's parent company, had already put pressure on the New York stock exchanges before the fall of Intel and Amazon. The backdrop is the fear of investors with high spending on artificial intelligence, which calls into question the relationship between investment and return in the sector.
What changes for the investor
When the projection disappoints, the market tends to look to the future before looking to the past, and Intel's reaction showed this. For those who invest in American stock markets, the message is that better-than-expected results may not be enough if the guidance is weak, and that the appetite for technology companies may become more selective while concerns about spending on AI persist. It is worth monitoring upcoming balance sheets and projection revisions before drawing conclusions based on the movement of a single trading session.
Automatically translated from Portuguese.
