Earnings Special: Intel Plunges on PC Sales Slump & Amazon Slips
Summary
Bloomberg Intelligence analysts Kunjan Sabani and Anurag Rana discuss the significant stock drops for Intel and Amazon following their earnings reports. Sabani attributes Intel’s decline to weak PC demand and supply chain issues, while Rana views Amazon’s dip as a reaction to meeting rather than beating AWS growth expectations. The conversation also highlights the risks of massive AI infrastructure spending, noting that rising interest rates and political opposition to data center construction could delay returns on investment.
Topics discussed
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Sponsor: Chase for Business
Bloomberg Audio Studios introduction
Intel earnings miss and semiconductor analysis
Amazon Q3 results and AI capex discussion
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