US tech stocks falling today as Intel slides sharply

Intel’s share price plunged as investors questioned heavy AI investment plans, while Alphabet, Amazon, Reddit and the Nasdaq also posted steep losses.

US tech stocks fell for a second straight day as investors fretted over the cost of AI build-outs.

Intel shares plunged about 28% on Friday and were on track to lose more than $130bn in market value.

Alphabet continued to fall after a Thursday drop that cut more than $500bn from its market value.

Meta, Alphabet, Oracle, Amazon and Microsoft have together committed to about $800bn of spending in 2026.

The Nasdaq closed 2.8% lower and finished October with its worst monthly slide since March 2025.

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