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Intel and Alphabet shares fall sharply in tech stock sell-off

Intel shares fell as much as 30% on Friday, and Alphabet had lost more than $500bn a day earlier.

Updated Oct 30, 2026 · 16:14 UTC5 reports

The short version

  • The tech-heavy Nasdaq opened Friday down 2.5%, at its lowest level in over two months.[BBC News]
  • Intel shares fell as much as 30% after it warned of weaker demand in the computer market while planning more AI spending.[BBC News]
  • Alphabet lost more than $500bn in value Thursday after saying its AI summaries were hurting core search advertising revenue.[BBC News]

Key facts

  • The tech-heavy Nasdaq opened Friday down 2.5%, at its lowest level in more than two months.[BBC News]
  • Intel shares fell as much as 30% in early Friday trading after the chip maker warned of a weaker computer market even as it plans to increase AI spending.[BBC News]
  • Alphabet's stock plunged by more than $500bn on Thursday after it revealed its AI summaries were affecting its core search advertising revenue.[BBC News]
  • Amazon shares fell as far as 6% before recovering after its reported earnings on Thursday evening fell short of investor expectations.[BBC News]
  • Alphabet's stock dropped more than 12% to its worst day on record on Thursday.[Associated Press]

What remains uncertain

  • The reporting reviewed does not establish how long the tech sell-off or the Alphabet and Intel share declines will last.[BBC News · Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.