US Stock Futures Fall As AMZN, INTC Earnings Trigger Tech Sell-Off: NVDA, RDDT, RIVN, SFM In Focus
Nasdaq-100 futures fell 2.29% as Amazon (AMZN) and Intel (INTC) dropped after earnings. AMZN missed estimates, while INTC forecast weak Q4. Oil prices rose. Rivian (RIVN) gained on raised delivery outlook. Sprouts (SFM) edged higher despite weak results. Nvidia (NVDA), Reddit (RDDT), and Roblox (RBLX) also saw premarket moves.
How this was made
The 30-second read
Why it matters
Earnings surprises from Amazon and Intel dominate the narrative, driving a broader tech sell‑off, while Rivian's upgraded outlook provides a rare positive note.
Market read
The earnings releases create immediate trading opportunities across multiple US‑listed stocks, with a clear bias toward short positions in tech.
What to watch
Oil price surge could benefit energy‑related equities, offsetting some tech weakness.
Background
The article is a market wrap focusing on the immediate impact of Q3 earnings from major tech companies and related price moves.
Ticker impact
Amazon reported Q3 earnings below estimates and a $42.4B free cash flow loss, sending shares down 7.1% premarket.
likely pressure as the market prices in the earnings miss and high capex guidance
Revenue and cash flow miss are fresh data; the move is immediate and sizable.
Intel posted a weak Q3 forecast and a 5% YoY decline in its AI group revenue, causing a 26% premarket plunge.
likely pressure as investors re‑price lower demand outlook
Guidance is a primary disclosure with a large move; traders can act now.
Rivian raised its full‑year delivery forecast, citing strong demand for its R2 SUV, lifting the stock 9% premarket.
potential upside as the market absorbs the upgraded guidance
New guidance from the company is fresh and materially moves the price.
Sprouts Farmers Market edged up 0.75% premarket despite a weak earnings report and lower analyst price targets.
limited upside as the stock holds despite negative earnings
Earnings are disclosed, but the move is modest.
Reddit shares fell about 22% after CEO Steve Huffman warned of declining referral traffic and announced a logged‑in‑only platform shift.
likely pressure as investors react to the traffic decline and platform change
CEO’s direct statement is a fresh primary quote affecting the stock.
Market effects
Tech sector faces broad sell‑off after Amazon and Intel earnings, pressuring AI‑related stocks.
U.S. futures down, indicating broader market weakness.
Oil price rise adds macro pressure but core driver is U.S. tech earnings.
Counterpoint
Despite the tech sell‑off, some AI‑focused stocks may find buying opportunities on oversold levels.
Key entities
- companyAmazon
US e‑commerce giant reporting Q3 earnings.
- companyIntel
Chipmaker reporting weak forecast.
- companyRivian
EV maker raising delivery guidance.
