WS #16584
Intel shares crashed over 20% after reporting Q3 results that, while beating estimates, were overshadowed by weak Q4 guidance ($15-16B vs $17B consensus). Alphabet fell 12.1% on a revenue miss ($127.58B), signaling a slowdown in digital advertising. These misses, combined with rising bond yields pressuring high-multiple tech stocks, have triggered a broad sell-off in the Nasdaq, with analysts noting that the 'tech scare trade' is now dominating market sentiment.
Tech Earnings Collapse
Intel shares crashed over 20% after reporting Q3 results that, while beating estimates, were overshadowed by weak Q4 guidance ($15-16B vs $17B consensus). Alphabet fell 12.1% on a revenue miss ($127.58B), signaling a slowdown in digital advertising. These misses, combined with rising bond yields pressuring high-multiple tech stocks, have triggered a broad sell-off in the Nasdaq, with analysts noting that the 'tech scare trade' is now dominating market sentiment.