U.S. stocks fell across the board this week, with Intel down nearly 26% and Google down more than 12%.

According to TechFlow on November 1, citing Seeking Alpha, the three major U.S. stock indexes each fell at least 1% this week, weighed down by a deep sell-off in technology stocks.

On individual stocks, Intel plunged nearly 26% on weak guidance, Alphabet fell 12.2% after missing earnings expectations, while Microsoft, Amazon and other software stocks also declined in tandem.

Among them, Amazon's capital expenditures exceeded expectations and online retail growth slowed to 2%; although AWS revenue growth accelerated, the stock remained under pressure. ServiceNow reported subscription revenue growth and raised guidance, but investors worried that AI could disrupt its business, and the stock was still sold off.

Analysts said weak guidance from large technology companies, along with market concerns about AI disrupting traditional businesses and rising AI spending, weighed on technology stocks.

Source: TechFlow