Nasdaq faces $1-trillion hit as AI spending soars

Amazon shares fell in premarket after reporting sharp Q3 cash outflow and signaling higher capex next year, intensifying AI cost concerns.

Likely further downside or elevated volatility as investors reprice AI capex intensity and near-term free-cash-flow risk.

The article ties AMZN’s premarket drop to fresh cash-flow deterioration and explicit next-year capex increase, a direct catalyst for sentiment and estimates.

Intel shares plunged more than 25% after warning it would burn cash this year due to weak PC demand, bottlenecks, and heavy production expansion spending.

Likely continued selling pressure as investors focus on near-term cash burn and execution risk.

The article reports a specific cash-burn warning and links it to weak end-market demand plus costly manufacturing expansion.

Alphabet slipped after a record selloff tied to disappointing search-advertising results and a sharp increase in cash outflows.

Likely modest-to-negative follow-through if investors extend the selloff to cash-flow durability.

The catalyst described is cash outflows and ad weakness, but the article frames it within broader rotation rather than a new AI-specific disclosure.

Meta reported cash burn in the September quarter, adding to investor concerns about escalating AI-related costs.

Likely underperformance versus peers if cash burn is treated as persistent rather than temporary.

The article states cash burn but does not provide incremental guidance details, so the incremental impact is less certain.

Microsoft stood out by delivering a big cash-flow beat, though it raised $25bn via a debt sale amid AI spending concerns.

Likely relative outperformance versus other AI-spend laggards, with some sensitivity to financing and rates.

The article includes both a positive cash-flow beat and a potentially negative debt-sale detail, implying mixed market reaction.

Nvidia was down 3.2% as the broader semiconductor market came under pressure during the AI-spending cost scare.

Likely continued weakness or choppy trading until investors regain confidence in AI capex ROI.

NVDA is cited as down, but the article does not attribute the move to a new NVDA-specific disclosure.

AMD slid 8.3% alongside broader semiconductor weakness tied to concerns about AI infrastructure buildout costs.

Likely further downside risk if the market sustains rotation away from AI infrastructure beneficiaries.

The move is described as part of sector pressure, not a new AMD-specific event.

Dell lost 11.8% as server makers were pressured during the AI spending and financing-cost concerns.

Likely continued selling pressure given the large cited drop and sector-wide risk repricing.

The article provides a price move but no Dell-specific new fundamental disclosure.