Tech stocks are getting slaughtered. Five of the Magnificent 7 have fallen more than 10% from their all-time highs, and two are already in bear-market territory. It’s not just the big names either. Software, chips and smaller tech stocks are taking hits. And Thursday’s after-hours earnings aren’t helping. Intel beat earnings and still got crushed. Amazon missed estimates and fell further. Reddit, Roblox and Pinterest also took a beating. Even Twilio got sold despite raising its outlook. SanDisk was one of the few winners. At this point, it doesn’t matter how much these companies talk about AI growth. Wall Street wants results, and some very expensive stocks are finding out the hard way.
Holy earnings BLOODBATH. 🩸
Massacre out here… pic.twitter.com/80NiXPzRbd
— Just a Dude Who Invests (@DudeWhoInvests) October 29, 2026
You can't make this up.
5 of the Magnificent 7 are down more than 10% from their all time highs, and 2 are already in a bear market.
• Google $GOOGL: down -31.4%
• Meta $META: down -22.5%
• Tesla $TSLA: down -17.9%
• Amazon $AMZN: down -16.0%
• Nvidia $NVDA: down… pic.twitter.com/qvTrRXioUX
— Bull Theory (@BullTheoryio) October 29, 2026
| Stock | After-hours move | What happened |
|---|---|---|
| Amazon (AMZN) | Down 6% to 9% | Missed revenue and EPS estimates. Q4 sales guidance also came in below expectations. |
| Intel (INTC) | Down 16% to 20% | Beat Q3 earnings, but Q4 revenue and profit guidance badly disappointed. |
| Reddit (RDDT) | Down 17% | Beat Q3 estimates, but Q4 revenue forecast missed expectations. |
| Roblox (RBLX) | Down 18% | Loss was narrower than expected, but Q4 guidance disappointed. |
| Pinterest (PINS) | Down 13% | Missed revenue and earnings estimates. |
| Twilio (TWLO) | Down 15% | Beat estimates and raised guidance, but shares still sold off. |
| SanDisk (SNDK) | Mixed, initially higher | Beat estimates and raised guidance. |
| Starbucks (SBUX) | Down around 3% | Mixed results, with revenue below expectations. |
A year ago, Microsoft, Alphabet and Meta generated $60.7 billion of free cash flow in a single quarter. This summer, $7.4 billion.
They didn't sell less. Revenue grew 19% at Microsoft, 25% at Alphabet and 26% at Meta. What changed is the bill: $125.6 billion in three months for…
— Martin Varsavsky (@martinvars) October 29, 2026
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