Four AI spenders lost $172 billion on Friday. Four chipmakers lost $465 billion.
Published · 1 min read
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Friday's selloff was blamed on AI cash burn, but Nvidia, AMD, Broadcom and Micron lost 2.7 times what Microsoft, Alphabet, Amazon and Meta did.
Microsoft, Alphabet, Amazon and Meta lost $172 billion of market value combined on Friday, a 1.47% drop. Nvidia, AMD, Broadcom and Micron, which sell chips into the AI boom, lost $465 billion, or 5.29%. Reuters headlined the day as "AI cash burn fears", yet the companies doing the spending fell far less than their suppliers.
Nvidia alone lost $218 billion, more than all four spenders together.
Who had news
$AMZN reported after Thursday's close, and Investing.com put its trailing 12-month free cash flow at negative $42.4 billion. The stock fell 1.41% on Friday. $NVDA fell 4.22%, and earnings calendars put its next report in mid-November. $AMD fell 10.88% and does not report until 3 November.
Thursday ran the other way, after $GOOGL dropped 12.64% following its results. Over the two days the spenders still lost more, about $766 billion against $614 billion.
| Group | Thursday | Friday |
|---|---|---|
| Four spenders | -4.86% (-$595B) | -1.47% (-$172B) |
| Four chipmakers | -1.67% (-$149B) | -5.29% (-$465B) |
What Intel warned about
The Motley Fool said Intel's warning pressured the chip group on Friday. That warning centred on PCs. Intel guided fourth-quarter revenue to $15 billion to $16 billion, against roughly $17.1 billion expected, and its CEO described customers signaling a PC slowdown based on memory prices and availability. Its Data Center and AI revenue rose 78%.
$INTC fell 28.58%, losing $140 billion, by far its worst day in the site's price history, which starts in March 2025. $MU, which sells the memory Intel says is short, fell 5.3%.
See it on the site
Sources
- Wall Street closes sharply lower as AI cash burn fears spark tech selloff — Reuters (30 Oct 2026)
- Apple overtakes Nvidia to become world's most valuable company amid tech selloff — Investing.com (30 Oct 2026)
- Intel CEO reveals a PC problem as Goldman cuts stock target — TheStreet (30 Oct 2026)
- Stock Market Today, Oct. 30: Intel Plunges Nearly 29% as Weak Outlook Rattles Wall Street — The Motley Fool (30 Oct 2026)
- Why AMD Stock Plunged Nearly 10% on Friday — GuruFocus (30 Oct 2026)
- NVDA earnings calendar — Earnings Whispers
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