Amazon Shares Sink
Amazon missed Q3 estimates and gave a cautious outlook as AI spending weighed on shares.
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Updated Oct 29, 8:15pm ETAmazon shares sank more than 6% after disappointing third-quarter results and a cautious holiday outlook. CEO Andy JassyAndy JassyAmerican businessman forecast AWS growth above 40% in both 2027 and 2028. Amazon posted third-quarter revenue of $201.9 billion, while earnings also came in below analysts’ expectations. The drop landed as Amazon builds AI and cloud infrastructure amid strong demand, with investors questioning whether the spending will pay off. Free cash flow turned sharply negative as property and equipment purchases tied to AI rose. Jassy defended the plan, saying Amazon could fund it and saw attractive returns. Amazon expects about $220 billion in 2026 cash capital spending, with more in 2027.
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Only one left-leaning outlet we track covered this: The Guardian, under the headline “Amazon gives Wall Street mixed financial picture in earnings report”.
From the right
Only one right-leaning outlet we track covered this: ZeroHedge, under the headline “Amazon Craters As Cash Burn Explodes, Weak Guide”.
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