CNBC's "Fast Money" Amazon and Intel Report Results… And Alphabet’s Post-Earnings Plunge 10/29/26
29 snips
Oct 29, 2026 
Gene Munster, Deepwater technology investor; Dan Nathan, RiskReversal founder; Karen Feinerman, portfolio manager; and Tim Seymour, emerging-markets investor, dissect a volatile earnings week. Amazon’s AWS strength collides with soaring AI costs, while Intel’s rally faces a reality check. They examine Alphabet’s search stumble, Reddit’s AI-driven traffic shift, Caterpillar’s selloff, Starbucks’ turnaround, and healthcare’s widening leadership.
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Memory Costs Are Crushing Intel’s PC Market
- Memory inflation is weakening PC demand enough for Intel to forecast market declines of 12% this year and 10% next year.
- Data-center AI revenue still jumped 78%, showing Intel’s growth pockets cannot offset consumer hardware pressure.
Intel Was The Weakest AI Hardware Bet
- Intel’s rally reflected enthusiasm for the semiconductor cycle more than confidence in its execution.
- The panel viewed Intel as the weakest way to participate in AI hardware, especially amid PC weakness and manufacturing problems.
AI Infrastructure Faces Credit And Inventory Risks
- Long-dated data-center forecasts may conceal inventory and financing risks if weaker neocloud operators cannot complete projects.
- Dan Nathan argued that channel stuffing and credit-funded construction could mark the end of easy AI-trade gains.