Amazon and Intel's earnings reports raise concerns about AI costs

Amazon and Intel's financial reports show that the competition for AI infrastructure has intensified cost concerns, leading to a decline in tech stocks and chip stocks after hours. Amazon's stock price fell by about 7%, while Intel dropped by about 18%.

AI cloud service providers CoreWeave, Nebius, and Iren fell by about 6% to 7%. Tech companies are shifting their financing methods for expenditures, with Microsoft launching a $25 billion bond issuance.