ChainCatcher report: Amazon and Intel's earnings reports revealed that intensified competition in AI infrastructure has heightened cost concerns, causing tech and chip stocks to decline after hours. Amazon's stock fell about 7%, while Intel plunged approximately 18%. AI cloud providers CoreWeave, Nebius, and Iren dropped around 6% to 7%. Tech companies are shifting their spending financing methods, with Microsoft launching a $25 billion bond offering.
Amazon and Intel earnings spark concerns about AI costs
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Summary
The Fear and Greed Index declined as Amazon and Intel earnings sparked concerns over AI costs, pulling down tech and chip stocks after hours. Amazon dropped 7%, Intel nearly 18%, while CoreWeave, Nebius, and Iren fell 6% to 7%. Microsoft moved to raise $25 billion. Altcoins to watch may face pressure amid shifting capital flows.
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