Amazon Slumps Extended Trading on Weak Results and Soft Holiday Forecast

Amazon shares dropped roughly 6.7% to 7% in extended trading following disappointing quarterly results and soft holiday-quarter sales guidance. The company missed revenue and earnings expectations, with heavy artificial intelligence expenditures pushing free cash flow further into negative territory. The downturn contributed to a broader tech selloff, pulling Nasdaq 100 futures down 2% to 28,975.0 points and S&P 500 futures down 0.8% to 7,690.25 points. Intel also tumbled sharply after missing revenue and issuing a weak fourth-quarter outlook, deepening market concerns over escalating AI infrastructure costs.