Nasdaq sheds more than 700 points as tech stocks slump

What happened: Nasdaq futures fell nearly 800 points before Friday's open after disappointing earnings from Alphabet, Amazon and Intel renewed fears about artificial intelligence. Key numbers: Nasdaq futures down nearly 800 points, or 2.7%. Intel fell more than 26% premarket. Alphabet slid more than 12% on Thursday, its worst day since its 2004 IPO. Why it matters: Analyst Adam Crisafulli called it one of the worst tech earnings seasons in memory. UBS' Ulrike Hoffmann-Burchardi advised clients to diversify beyond AI, citing single-stock concentration risks. Coverage: 3 outlets in 24h

Nasdaq futures fell nearly 800 points before Friday's open after disappointing earnings from Alphabet, Amazon and Intel renewed fears about artificial intelligence.

Analyst Adam Crisafulli called it one of the worst tech earnings seasons in memory. UBS' Ulrike Hoffmann-Burchardi advised clients to diversify beyond AI, citing single-stock concentration risks.