Technology
Nasdaq futures tumble as Amazon, Intel results deepen AI spending woes
By Maya Patel
European shares ease as AI-driven tech selloff deepens
Jenna Larson
Jenna Larson
Bureau Chief · Fargo, ND
Jenna Larson has been reporting on the Fargo region for over 15 years. She graduated from North Dakota State University and began her career at The Forum of Fargo-Moorhead before joining the Bison Current network. Jenna's focus is on community events, local initiatives, and the stories that make Fargo unique.
More from Jenna →Bureau Chief · Friday, October 30, 2026 at 8:25 AM · 1 min read
Oct 30 (Reuters) European shares inched lower on Friday as technology stocks came under pressure from renewed concerns over AI investment returns, although the benchmark index remained on track for a monthly gain thanks to strong corporate earnings. The pan-European STOXX 600 index fell 0.25% to 647.49 by 0809 GMT but was set to post both weekly and monthly gains. Technology stocks led declines on Friday, with the sector index down 2%, after earnings from Amazon and Intel reignited investor concerns about the sustainability of heavy AI-related spending and the returns it can generate. Political uncertainty in France also weighed on sentiment this month, as the country faces mounting pressure from rising living costs and elevated government debt. Still, robust earnings from the likes of ASML, Shell and Airbus reinforced confidence in the health of European corporates and lifted investor sentiment. BP rose 1.1% after posting third-quarter net income ahead of expectations,
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