Intel's shares fell 23% after the company projected fourth-quarter earnings per share of 25 cents and revenue between $15 billion and $16 billion, both below analyst expectations of 43 cents and $17.1 billion, respectively.
In contrast, Rivian Automotive's stock rose over 8% after it reported a smaller-than-expected loss of 48 cents per share on revenue of $2.16 billion, surpassing analyst forecasts of a 62-cent loss on $1.99 billion in revenue, and the company raised its delivery guidance.
Amazon's shares dropped nearly 6% following third-quarter results that missed expectations, including a negative free cash flow of $42.4 billion. Reddit's stock tumbled 21% after announcing that users must create official accounts to access its platform and providing weaker-than-expected revenue guidance for the fourth quarter.
In the cryptocurrency sector, stocks of Bitcoin, Coinbase, and Robinhood fell over 4% after Binance reported a significant hack affecting an estimated $6.3 billion. Conversely, Chevron's shares gained 1.4% as its net income surged nearly 200% to $9.9 billion, and Exxon Mobil's shares also rose more than 1.4% after its profits doubled to $15.4 billion.
AstraZeneca's shares increased over 5% following its better-than-expected third-quarter earnings of $2.79 per share on revenue of $16.21 billion, exceeding analyst predictions