
AI Stocks Slide as Data-Center Backlash Sweeps Midterms
AI stocks fell sharply after the midterms as voters backed data-center limits in 40 of 41 measures and Democrats won Texas, Ohio and Georgia governorships.
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Everything Pomegra has published on AMZN: 30 news articles and 21 market briefs, newest first.
Meta (META) and Amazon (AMZN) rise as JPMorgan drops Alphabet, which still gained 3%, from its focus list
2d ago
Microsoft (MSFT) hit a record near $556 with Azure up 48% and a midterm vote lifting big-tech cloud stocks.
Nov 5
Amazon (AMZN) briefly gained 5% as Phillip Securities lifted its price target to $330 on cloud strength
Nov 3
Oracle (ORCL) is selling $10B of stock and $10B of bonds to fund AI data centers, on top of $125B in debt
Nov 2
Microsoft (MSFT) trimmed its 2026 capex forecast to about $170B while Amazon and Meta burned cash
Nov 2
Alphabet (GOOGL) lost nearly $500B in value as AI spending of $51.4B in one quarter outran its cash.
Nov 1
Philadelphia Semiconductor Index (SOX) fell 7.2% as SOXX lost 17% in October on AI spending doubts.
Nov 1
Amazon (AMZN) reports after the close as investors want AWS growth near 38–41% to back $220B capex.
Oct 29
The S&P 500 (SPX) closed Friday at 7,623.68 as Alphabet, Microsoft and Amazon report with the Fed meeting.
Oct 25
Meta (META) closed at $648.85 as AI spending turned cash flow negative and Nvidia warned of tight funding
Oct 23
Amazon (AMZN) trades near $262 after Morgan Stanley lifted its target to $350 on faster AWS cloud growth
Oct 19
Iran's security chief warned Gulf AI sites could be hit if war resumes, a risk for Oracle (ORCL) and Nvidia
Oct 13
Amazon (AMZN) is weighing a Decart deal that is 75% above its May value, as Nvidia also eyed the startup.
Oct 12
Amazon (AMZN) cuts fewer than 1,000 corporate roles in the US, India and UK as Prime Big Deal Days wraps up
Oct 9
Apple (AAPL) closed Tuesday at $333.63 as LG is said to build seven home devices to rival Ring and Nest.
Oct 7
Meta (META) trades near $743 as Wells Fargo lifts its target to $1,000 and Muse reaches small businesses
Oct 7
Alphabet (GOOGL) gave up a 2% premarket gain as staff doubts about Gemini 4 Argon's coding skill emerged
Oct 4
Meta (META) had its best quarter in over two years, up 29%, as investors back its Muse AI shopping agent.
Oct 2
Constellation (CEG) will supply Amazon 690 MW for 20 years, backing $3B of Maryland nuclear plant investment.
Oct 1
Synopsys (SNPS) added to a 4.8% Wednesday gain as it set 2027 sales growth near 15% and a $1B buyback.
Oct 1
Qualcomm (QCOM) stock surged toward $185 intraday as AWS's $60B warrant deal boosts its AI push.
Sep 8

AI stocks fell sharply after the midterms as voters backed data-center limits in 40 of 41 measures and Democrats won Texas, Ohio and Georgia governorships.

Talen Energy shares rose nearly 5% premarket after a seven-year, 750 MW PJM capacity sale worth about $100M a year through 2036, lifting contracted margin.

Anthropic's IPO range of $70-$78 a share values it at up to $1.4 trillion, below the $2 trillion once eyed, with pricing Nov. 18 and Nasdaq trading Nov. 19.

Securitize (NYSE: SECZ) rose about 10% after hours on its third-quarter results, as tokenized assets on its platform grew 9% to $4.8 billion.

Amazon (AMZN) and Meta (META) gained 2.5% to 3% premarket after JPMorgan named them top AI stocks, citing AWS cloud growth and AI-driven advertising revenue.

Constellation Energy (CEG) reports Q3 earnings before Monday's open after a 9% midterm-driven slide, with options implying a 7.5% move and guidance in focus.

Microsoft and Amazon each gained about 6% on Wednesday as investors rotated back into mega-cap AI leaders, helped by Azure's 48% growth and lower-than-expected capital spending.

Trump Media, Tesla and SpaceX shares fell as Democrats won Congress, even as the Dow gained 3% in the stock market on reduced election uncertainty.

Nasdaq QQQ futures fell as much as 2% and S&P 500 futures 1.3% after Democrats won the House and Senate, lifting AI, data center and fiscal policy risk.

Fabrinet (FN) shares jumped about 11% after hours as fiscal Q2 revenue guidance of $1.6-$1.65 billion topped Street estimates on surging AI data center demand.

Stock market today: Wall Street holds its breath on midterm results as prediction markets favor a Democratic sweep and Friday's October jobs report looms.

Intel fell another 8.8% on Monday after its worst day since 1974, and the Nasdaq-100 slipped into a correction as the chip selloff reached $3.7 trillion.

Illumina (ILMN) stock fell 18.6% to $235.99 on Oct. 30, its worst session since 2016, despite a Q3 earnings beat and a raised full-year 2026 revenue forecast.

Amazon (AMZN) missed Q3 2026 revenue and EPS and guided cautiously for the holidays, even as AWS cloud grew 39%, its fastest pace in nearly five years.

Wall Street faces midterm elections, Apple and Palantir earnings and a 55K jobs forecast after Nasdaq's worst month since March 2025, with Democrats favored.

OpenAI trimmed its funding round target to as much as $20 billion from about $30 billion at a $1.25 trillion valuation as the AI selloff deepens spending doubts.

Intel (INTC) sank 28.6% on weak Q4 guidance, its worst day since 1974, dragging the Nasdaq down 2.9% and the SMH semiconductor ETF down 9.1% on Friday.

Alphabet shares fell 12.6% on Oct. 29, their worst day on record, after a search revenue miss, negative free cash flow and $51.4B in quarterly capex.

Nasdaq-100 futures fell about 2% in Friday premarket trading after Amazon and Intel results sharpened investor doubts over AI spending, hitting chipmakers from AMD to Nvidia.

Amazon shares fell about 7% premarket after Q3 2026 misses and $77.3B of capex, well above the $58.7B expected, pushing trailing free cash flow to -$42.4B.

Alphabet (GOOGL) lost about $500 billion in value on its worst day ever as a revenue miss, negative free cash flow and $300 billion capex plan hit AI stocks.

Anthropic's S-1 shows $16.3B in first-half 2026 revenue and an $80.7B net loss, mostly non-cash, ahead of a Nasdaq listing as ANT and a mid-November roadshow.

Amazon and Intel report third-quarter results after the close on October 29, with options pricing moves of about 7% and 9% as investors test AI spending and returns.

Oracle shares rose about 11% after the company set a fiscal 2030 revenue target of at least $225 billion and capped new fundraising at $20 billion, easing concern over its AI spending.

Microsoft (MSFT) beat revenue and earnings forecasts, with Azure growth accelerating to 48% and the shares rising about 4% after hours.

Verizon beat Q3 2026 earnings and raised its full-year profit outlook, but a $34.31 billion revenue miss pushed VZ shares lower in Monday premarket trading.

Coca-Cola and UPS raised 2026 guidance while Boeing posted a wider core loss, as Visa reports after the close ahead of Microsoft and Alphabet on Wednesday.

Microsoft, Alphabet and Amazon report earnings on Oct. 28-29 as investors look for proof that AI stocks' record capex is producing cloud revenue and profit growth.

Verizon beat Q3 2026 profit estimates, raised guidance a third time and signed a $2 billion-plus AWS AI deal, but a revenue miss left shares mixed premarket.

Anthropic's public S-1 shows $16.3B in first-half revenue and an $80.7B net loss, and Nvidia, Broadcom and Micron rallied as the ANT listing came into view.