---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000962811.md"
description: "NDX (-3.7%) getting crushed today on disappointing $Intel(INTC.US) and other tech earnings and uncertainty about returns on huge AI capital buildout.  Key drivers of today’s sell-off:  $Intel(INTC.US) -30% after guiding to weaker than expected 4Q revs on sluggish PC volume growth;  this week’s weaker than expected earnings from bellwethers $Alphabet(GOOGL.US) and $Amazon(AMZN.US);  continued increase in capital spending from tech heavyweights;  hawkish Fed commentary pointing to another rate hike by year-end are the key drivers of the negative sentiment.  Offsetting these negatives:  10-yr treasury yields have declined from 5.3% on 9/30 to 4.94% today, which makes equities more attractive vs bonds."
datetime: "2026-10-30T17:35:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000962811.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000962811.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000962811.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# NDX (-3.7%) getting crushed today on disappointing…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**