US stock exchanges: Nasdaq loses heavily according to tech balances - Intel shares lose 30 percent

The sell-off continues in view of the quarterly figures from the major AI profiteers. Meanwhile, rising oil prices are worsening the inflation outlook.

Dusseldorf. The quarterly figures from the big tech companies are pushing the US stock markets further into the red. After trading, the losses, especially at Amazon, had already become apparent on Thursday. Now the Nasdaq in particular is losing significantly.

The Dow Jones of standard values ​​is hardly moving and is at 52,204 points.

The more broadly diversified S&P 500 lost around one percent and was trading at 7,628 points.

The Nasdaq technology exchange is down a good 2.2 percent at 25,600 points.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, also lost around three percent to 28,698 points.

With losses of up to eight percent, Amazon shares join the ranks of big tech losers on the stock exchanges. Continued massive increases in capital investments in AI data centers and the associated infrastructure with slower increases in revenue are unsettling the markets and triggering sales. If you add up the losses in value of Meta, Amazon, Microsoft and Alphabet, a total of up to $900 billion in market value disappeared according to the quarterly figures.

Chip stocks, network suppliers and other companies that have previously benefited from the AI ​​boom are also continuing to lose value. Above all, Intel: The computer and chip manufacturer's papers collapsed by 30 percent after weak prospects.

The market is “significantly more sensitive than usual,” investor Chris Zaccarelli, chief investor at Northlight Asset Management, told Bloomberg. Investors are currently selling first and then analyzing more closely, instead of doing it the other way around.

The prospect of long-term high inflation is also contributing to the poor mood on the markets. High inflation will most likely result in further interest rate increases, which will make loans and bonds more expensive and thus reduce profits.

The main reason for the rising prices are the high costs of energy, especially oil, gas and fuel, triggered by the US and Israel's war on Iran. There are now increasing reports that the two countries could intensify their attacks on Iran again after the midterm elections in the USA on Tuesday. The result would be further rising oil and gas prices because Iran could fire on ships and energy facilities in the Gulf.

The nervousness caused the price of oil to rise on Friday. At the end of the month, the Brent market switches to a new future for the month after next, resulting in slight price differences. At $113.16, a barrel of the reference variety for delivery in January costs a good two percent more than the day before. The US WTI variety for purchase in December also costs almost two percent more at $103.77 per barrel.

Further individual values in focus

Oil companies: As in the previous quarter, high oil prices are bringing massive profits to energy companies. In the USA, Chevron and Exxon are benefiting from this, both of which earned even more than expected. Chevron shares gain around 1.3 percent, Exxon shares around two percent.