Nasdaq drops 2.5% as Amazon AI costs and Intel cash burn spark sell‑off

The Nasdaq Composite fell 2.48% on Friday, its sharpest slide in nearly three months. Investors flagged Amazon’s growing AI spending and Intel’s cash‑burn warning as the main triggers. Intel shares plunged almost 29% after the cash‑burn alert. Nvidia also slipped 3.7% as the tech sell‑off spread. The two firms together have seen nearly $200 billion erased from their market values. ## Context The Nasdaq is heavily weighted toward technology stocks, so worries about AI budgets and cash flow quickly ripple through the index. Such concerns often prompt traders to rotate out of high‑growth names into safer assets, widening the decline across the market.