Nasdaq-100 futures fell about 2% overnight and S&P 500 futures slid roughly 0.9% after Alphabet's weak Q3 revived AI-spending worries. ServiceNow led the wreck with a 26.95% plunge, its worst day on record.
Top News
Nasdaq futures
Nasdaq-100 futures fell about 2% and S&P 500 futures about 0.9% as Amazon, Intel and Alphabet results revived AI-spending worries (per CNBC).
NOW ServiceNow
ServiceNow fell 26.95%, its worst day on record, after a Q4 contracted-revenue growth outlook of 18.5% came in below estimates (per CNBC).
FTNT Fortinet
BofA cut Fortinet to Neutral with a $140 target after a service-revenue forecast missed estimates; shares closed -20.09% (per Yahoo Finance).
ALNY Alnylam
Stifel cut Alnylam to Hold from Buy, lowering its target to $225 from $318 on weaker near-term Amvuttra estimates; shares closed -25.13% (per Investing.com).
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AMZN Amazon
Shares fell 4.25% after quarterly results and an outlook that disappointed investors (per Seeking Alpha; CNBC).
RDDT Reddit
Shares fell 3.79%; no verified catalyst in today's sources.
INTC Intel
Shares fell 3.62% after the latest quarterly results, adding to the tech sell-off (per CNBC).
SNDK Sandisk
Q3 revenue of about $11B beat the roughly $10.7B estimate and EPS of $52.60 beat about $47.15, alongside an 8-for-1 split announcement (per Yahoo Finance).
TWLO Twilio
Shares fell 4.68%; no verified catalyst in today's sources.
AI Economy
Alphabet and AI spending
Alphabet's weaker-than-expected Q3 sent the stock sharply lower and dragged on Nvidia, Oracle and Marvell as investors questioned Big Tech's AI capex (per Yahoo Finance; CNBC).
Smart Money
AMZN Amazon
Shares slid after quarterly results and an outlook that disappointed investors; the analyst buy thesis was not captured in today's sources.
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