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US stocks today: Nasdaq tumbles over 2%, S&P 1% at open as Amazon, Intel add to AI spending woes

·Economic Times·Impact 4/5 · High
MeridStreet AI summary

The Nasdaq index fell by over 2% at the open, while the S&P 500 dropped by 1%. This decline is largely attributed to concerns about Amazon's and Intel's aggressive spending on artificial intelligence (AI). The two tech giants' plans have intensified investor worries about the potential for cash burn and decreased profitability, which is affecting market sentiment and contributing to the decline in US stocks.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

The Nasdaq and S&P have fallen sharply at open due to concerns over Amazon and Intel's AI spending plans. This could lead to a decrease in investor sentiment and a potential market downturn.

Market impact

Impact score
4 / 5
Market signal
Negative / risk-off
Category
Market moves
Model confidence
75%

Markets & countries in focus

United States

Transmission channels

AI spending concerns→Investor sentiment drops→Risk appetite falls→US equities decline→Safe-haven assets rise

Likely winners & losers

Winners

  • Safe-haven assets
  • Bonds

Under pressure

  • US equities
  • Technology stocks

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.