Intel y Amazon desatan otra oleada bajista en las tecnológicas

Investors are growing increasingly nervous about the technology sector as Amazon and Intel announce their latest earnings, both citing significant spikes in spending on artificial intelligence (AI). This has raised concerns among investors who are already bracing for a potential correction in the sector. The Nasdaq, which had already dropped nearly 1.38% yesterday, is now on track to fall by 2% at the opening bell this morning, extending the recent downward trend since the beginning of the month.

The volatility in the technology market has reached new heights, with investors finding it difficult to find any respite, especially as more corporate earnings reports are released. Earlier this week, Alphabet (Google) suffered a historic 12.3% drop, adding to the already high level of uncertainty in the sector.

Amazon, which reported a 6.6% decline in earnings outside of Wall Street trading hours, is facing a significant challenge due to its increased AI spending. Intel, another major player in the technology industry, is also struggling with its own set of issues. The chip maker is expected to witness a historic collapse, with its stock dropping by 23% in after-hours trading.

The massive write-offs at Intel and Amazon have created a ripple effect, causing investors to reconsider their positions in other technology companies. The Nasdaq's decline has now surpassed 7%, pushing the index towards a potential correction from the record highs set at the beginning of the month. The turbulence in the market is particularly affecting Asian markets and those with a strong focus on AI, such as Japan and South Korea.