🔴 Elastic is trading 6.2% down today after Amazon and Intel results renewed AI-spending concerns

Elastic is trading 6.2% lower at $97.23 amid broader technology weakness and AI-spending concerns.

• The live price showed a sharp decline on October 30, 2026; available search results surfaced no company-specific announcement explaining it.
• Reuters said Friday’s US selloff intensified after Amazon and Intel results renewed concerns about AI spending costs and returns. Software shares fell the previous day after disappointing Fortinet and ServiceNow results deepened AI-disruption worries.