Nasdaq futures sink 2.3% as Amazon, Intel and Alphabet send AI jitters through stocks

Nasdaq futures have tumbled nearly 800 points, sinking 2.3% as disappointing earnings reports from Alphabet, Amazon, and Intel trigger AI jitters. Alphabet Class A shares experienced their worst trading day ever, sliding over 12% after reporting weaker summer growth than analysts anticipated. These results have renewed widespread fears that the AI trade could unravel, causing significant pressure across tech stocks as investors react to the unexpected growth slowdown from these major industry leaders.