Amazon and Intel reported disappointing earnings, deepening a selloff in technology stocks.
The weaker results added pressure to major indexes and weighed on investor sentiment across the sector.
Fears around the artificial intelligence trade intensified as the two companies failed to meet expectations.
Amazon’s results fell short of forecasts, raising questions about growth in its cloud and AI businesses.
Intel also posted weak figures, adding to concerns about demand and competition in the chip market.
The combined disappointments helped push technology shares lower and dragged on the broader market.
Investors are now watching whether the setbacks signal a wider slowdown in the AI-driven rally.
