Wall Street woke up cranky this morning.
$Amazon.com(AMZN)$ just dropped a $42B free-cash-flow bomb while still spending heavily on AI ($220B capex for the year). AWS is flying (+39%), but investors are side-eyeing the bill.
$Intel(INTC)$ got wrecked — down about 25% premarket after weak PC guidance. Data-center AI is strong, but the rest of the chip party feels the hangover.
And the Fed? Still looking hawkish. Strong GDP plus sticky inflation means markets are bracing for possible more rate pressure later.
Tech is getting a reality check today. Who’s buying the dip and who’s running for cover?
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Honestly, I don’t think holding a stock overnight before earnings is necessarily brave, and selling beforehand doesn’