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● Intel expects the PC slowdown to last into 2027.
● MoffettNathanson raised its target to $357 from $315.
● Revenue of $201.9 billion was just short of estimates.
● AWS disclosed a $578 billionBacklogof contracted business.
● Datadog, Shopify and Cloudflare also fell.
● A renewed court fight with Qualcomm returned to focus.
● Applied Materials and Lam Research also fell sharply.
● The Philadelphia Semiconductorindexclosed at 10,688.80.
● Amazon's trailing freeCash Flowof negative $42.4 billion fueled AI-spending worries.
● Intel warned a memory-driven PC slowdown would last into 2027.
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