Companies Leading the Pre-Market Movement: Intel, Amazon.com, Nvidia

Posted on August 2, 2024 by darion

Intel shares fell 22% after an earnings report that was a fiasco in which the Dow Jones component suspended its dividend and announced job cuts.

Intel’s weakness spilled over into other microprocessor stocks, notably Nvidia, but also Advanced Micro Devices and Micron Technology, which fell 2% to 3%.

Amazon.com shares fell 9% after the company’s third-quarter profit forecast fell short of expectations, heightening concerns about the tech giant’s spending.