Nvidia stock fell 5.3% during regular trading on October 30, 2026, as semiconductor shares declined following Intel’s quarterly outlook and results from major cloud companies. The figure was an intraday observation, not a closing price.

Key Takeaways

  • AMD fell 12.1% and the Philadelphia Semiconductor Index dropped 8.7% in the same regular-session snapshot.
  • Amazon and Alphabet maintained their annual capital-spending plans, despite questions about the returns on AI infrastructure investment.

Nvidia stock declines with chip index

The regular-session decline was larger than Nvidia’s 2.9% premarket fall in a snapshot taken at 10:55 UTC. AMD and Broadcom were down 8.3% and 3.8%, respectively, in that earlier observation.

The Nasdaq Composite fell 3.37% and the S&P 500 declined 2.08% in the later market snapshot. The moves followed earnings releases from Intel and Amazon, but their timing does not establish a single cause for the selloff.

Intel outlook falls short of expectations

In its third-quarter results and outlook, Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted earnings of $0.25 per share. Analysts had expected approximately $17.1 billion in revenue and $0.43 in adjusted earnings per share.

Intel Chief Financial Officer David Zinsner said the PC slowdown could continue at least through the first half of 2027. The forecast is a separate concern from demand for Nvidia’s data-center and AI computing products.

Cloud companies maintain spending plans

Amazon maintained its expectation of approximately $220 billion in cash capital expenditures for 2026. Its free cash flow for the trailing 12 months was an outflow of $42.4 billion, compared with an inflow of $14.8 billion a year earlier. Amazon said increased property and equipment purchases, largely reflecting AI investment, were the primary driver.

Alphabet also maintained its 2026 capital expenditure outlook of $195 billion to $205 billion, although its third-quarter spending of $51.36 billion was below the approximately $55.09 billion analysts expected.

Those budgets are not equivalent to orders for Nvidia chips: infrastructure spending can include data centers, networking equipment and alternative accelerators. The available information does not establish that customers have cancelled or reduced Nvidia orders.

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