![\"\"](\"http:\/\/stateofthenation.info\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-31-at-7.00.34-AM.png\")
<\/p>\n<\/p>\n
There\u2019s one thing scaring investors today, and it\u2019s not Halloween.<\/p>\n<\/div>\n
As of this writing, some of the biggest tech stocks are getting hammered in premarket trading, just one day after Google owner Alphabet Inc. saw its own stock price suffer the worst one-day decline<\/a> in its history. Here\u2019s what you need to know.<\/p>\n It\u2019s shaping up to be nothing short of a bloodbath of a week for some stocks.<\/p>\n Yesterday, Alphabet Inc. (Nasdaq: GOOG), parent company of search giant and AI<\/a> hyperscaler Google, saw its shares drop 12.29% in a single session after reporting its most recent quarterly results.<\/p>\n It was the largest single-day post-earnings share price drop in Google\u2019s history, with more than half a trillion in value wiped out in a single session.<\/p>\n<\/div>\n The main driver: a significant increase in Google\u2019s negative cash flow amid its AI buildout. Moreover, revenue for its all-important Search division came in below expectations, fueling fears of disruption by AI chatbots.<\/p>\n Today, Google\u2019s bleeding has stopped\u2014mostly. Currently, GOOG shares are down about eight-tenths of a percent.<\/p>\n<\/div>\n But now, other Big Tech stocks are getting hammered.<\/p>\n The hardest hit is chipmaker Intel Corporation (Nasdaq: INTC), whose shares are currently down a staggering 25% in premarket trading. Intel\u2019s share price drop comes after it reported<\/a> its Q3 2026 quarterly results yesterday.<\/p>\n Investors did not love the results. Specifically, as noted<\/a> by CNBC, Intel issued a weaker-than-expected outlook for its current Q4, driven primarily by a slowdown in PC sales.<\/p>\n<\/div>\n The average cost of a personal computer is surging, thanks to skyrocketing memory prices, and it turns out\u2014shocker\u2014that when PC prices go up, consumers want to buy fewer of them.<\/p>\n Intel expects its Q4 revenue to come in between $15 and $16 billion, well below the $17 billion analysts had expected.<\/p>\n Then there is Reddit Inc. (NYSE: RDDT). The social media site reported<\/a> its Q3 2026 quarterly results yesterday, too, after which its stock price plummeted.<\/p>\n<\/div>\n As of the time of this writing, RDDT shares are down nearly 20% on the news that its search referral traffic\u2014mainly from Google\u2014is \u201cdown meaningfully<\/a>\u201d in the current Q4.<\/p>\n As Google embraces AI search results, fewer Google users are either seeing Reddit referral links or clicking on them. This has led to less traffic to Reddit.<\/p>\n In response, Reddit says it will now institute a policy where a person must be logged into Reddit to see its content.<\/p>\n<\/div>\nNasdaq lower as tech stocks sink<\/h2>\n
\n\nIntel down 25%<\/h2>\n
\nReddit down 20%<\/h2>\n
\n