- Alphabet, Meta Platforms, Pinterest, Snap, and Reddit experienced slowed advertising growth in the third quarter of 2026, highlighting varying levels of ad dependence across these companies.
- Alphabet relies the least on ads at 64% due to cloud growth, while Pinterest and Meta derive nearly all their revenue from advertising.
- Snap and Reddit face specific operational challenges, including sluggish ad growth and declining search traffic, making Alphabet and Meta more resilient investment choices.
- Intel and Reddit shares both plummeted roughly 29% following their third-quarter earnings reports due to disappointing forward guidance and AI-related headwinds.
- Intel reported strong third-quarter revenue of $16.5 billion but issued weak fourth-quarter forecasts driven by a slump in the PC market and AI memory shortages.
- Reddit achieved a 53% revenue increase to $895 million, yet suffered declining traffic and a slowdown in user growth caused by shifting search engine dynamics.
- The TAIEX is expected to face heavy downward pressure following a sharp sell-off in US tech stocks and a 5.95 percent plunge in TSMC American depositary receipts amid concerns over massive artificial intelligence spending.
- Foreign institutional investors recorded net sales of NT$ 994.3 billion (US$ 30.61 billion) in Taiwanese shares last month, while global markets also face uncertainty from upcoming US midterm elections and upcoming initial public offerings.
- Despite short-term pressures and vulnerabilities, Taiwan's stock market remains relatively resilient as major cloud service providers maintain substantial commitments to artificial intelligence infrastructure spending.
- The Nasdaq Composite logged its worst day since June and its worst month since March 2025 amid a broader selloff in technology stocks.
- Disappointing earnings reports and guidance from major tech companies like Alphabet, Amazon, and Intel intensified investor fears about a potential slowdown in aggressive artificial-intelligence spending.
- Concerns over peak earnings growth and core business weaknesses led to declining valuations across the tech sector and pushed the Nasdaq-100 into correction territory.